While you were sleeping: Oil hits lowest this year

Tue, 20 Jun 2017

By Margreet Dietz June 21 (BusinessDesk) - Wall Street declined from record highs as oil prices slid to the lowest level in seven months amid unabated concern about the global glut. In 3.38pm trading in New York, the Dow Jones Industrial Average fell 0.2 percent, while the Nasdaq Composite Index retreated 0.7 percent. In 3.22pm trading, the Standard & Poor’s 500 Index dropped 0.5 percent. The Dow fell as slides in shares of General Electric and those of Nike, recently down 2.1 percent and 1.4 percent respectively, outweighed gains in...

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