Stocks dipped Friday morning as traders continued to digest a slew of mixed economic data and its implications for monetary policy.
(Bloomberg) -- Oil declined amid Russia’s plans to boost upcoming overseas oil sales and as the dollar rallied.Futures in New York ended the session nearly 1% lower on Friday. Russia will increase its oil exports 3% in the fourth quarter, according to Interfax. Meanwhile, gains in the U.S. dollar reduced investor interest in commodities priced in the currency. “There’s been demand destruction starting with higher prices across energy markets broadly and there’s Russian’s plans to raise its globa
NEW YORK (Reuters) -Oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output. Brent crude futures fell 33 cents to settle at $75.34 a barrel. U.S. West Texas Intermediate (WTI) crude futures fell 64 cents to settle at $71.97 a barrel.