While you were sleeping: Energy stocks, oil slide

Wed, 10 Aug 2016

By Margreet Dietz Aug. 11 (BusinessDesk) - Wall Street fell as energy stocks moved lower with the price of oil amid fresh signs of an unabated global glut. Oil weakened as American Petroleum Institute data showed inventories rose. Meanwhile, Saudi Arabia told OPEC that it pumped a record 10.67 million barrels of oil a day in July, according to Bloomberg. In 3.05pm trading in New York, the Dow Jones Industrial Average fell 0.3 percent, while the Nasdaq Composite Index slid 0.5 percent. In 2.50pm trading, the Standard & Poor’s 500 Index...

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