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Wall Street pulled back from its records on Tuesday after the price of crude oil tumbled and technology stocks faltered. Exxon Mobil dropped 3%, and energy stocks fell to some of Wall Street’s ...
West Texas Intermediate crude oil dropped 3.78% to $71.04 a barrel. Brent crude , the international benchmark, fell 3.52% to $74.73 a barrel. Gold climbed 0.62% to $2,682.1 an ounce.
Here's where investors worried about a stock market bubble should invest their money. In commodities, bonds, and crypto: West Texas Intermediate crude oil was up 1.88% to $69.98 a barrel.
On the winning side of Wall Street were oil-and-gas companies after the price of oil climbed. A barrel of benchmark U.S. crude rose 2.9% to $78.82, while Brent crude climbed 1.6% to $81.01.
Crude oil prices fell to give back some of their strong gains in recent weeks, which had also been cranking up the pressure on inflation. Benchmark U.S. crude eased 1.7% to $77.50 per barrel.
West Texas Intermediate crude oil rose 0.13% higher to $71.08 a barrel. Brent crude , the international benchmark, inched up 0.05% to $74.04 a barrel. Gold increased by 0.33% to $2,626.6 an ounce.