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The Piney Point

Oil prices leap back to their highest since May and drag Wall Street lower

Oil prices leap back to their highest since May and drag Wall Street lower
Photo: KPRC 2 / Click2Houston (NBC) · view original

U.S. stocks sank after oil prices jumped back to where they were in May. The S&P 500 fell 0.6% Thursday, its fourth straight loss. The Dow Jones Industrial Average dropped 0.6%, and the Nasdaq composite sank 0.7%. Stocks felt pressure as the price for a barrel of Brent crude briefly topped $108 b...

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