Author: Stan Choe
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Oil prices sink and stocks rally worldwide on hopes for a reopening of the Strait of Hormuz
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NEW YORK (AP) — Oil prices are sinking Wednesday, and stock markets are bursting higher worldwide with hopes that the United States and Iran are nearing a deal to allow ships to deliver crude from the Persian Gulf once again to their customers. The price for a barrel of Brent crude oil, the international standard,…
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Wall Street edges back from its records after gold tops $4,000 per ounce
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NEW YORK (AP) — Wall Street’s record-breaking rally is running out of momentum on Tuesday after the price of gold topped $4,000 per ounce for the first time. The S&P 500 dipped 0.4%, coming off its latest all-time high and heading for its first drop following a seven-day winning streak. The Dow Jones Industrial Average…