While you were sleeping: Oil slides on stockpiles

Thu, 07 Jul 2016

By Margreet Dietz July 8 (BusinessDesk) - Wall Street fell with the price of oil as investors awaited Friday’s US jobs data to gauge if the Federal Reserve might still lift interest rates this year. In 2.42pm trading in New York, the Dow Jones Industrial Average declined 0.6 percent, while the Nasdaq Composite Index edged 0.02 percent lower. In 2.27pm trading, the Standard & Poor’s 500 Index slid 0.3 percent. Declines in shares of Chevron and those of Exxon Mobil, recently down 2 percent and 1.6 percent weaker respectively, led the dr...

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