Europe

Home page

Europe

Wall Street closes mixed as oil prices gain 3 percent

11 May 2017 02:35 (UTC +04:00)

Wall Street closed mixed Wednesday as a rise in oil prices was offset by investors' worries over the dismissal of FBI Director James Comey, APA reports quoting Anadolu Agency.

The Dow lost 32 points to end trading at 20,943, but the S&P rose two points to 2,399.

The Nasdaq increased eight points to finish the day at 6,129 -- a new all-time high.

President Donald Trump on Tuesday removed Comey as FBI chief in a move that caused turmoil in Washington.

Crude oil prices, on the other hand, gained more than 3 percent on Wednesday with a weak dollar and a decline in the U.S.' crude oil inventories.

At the final bell, the American benchmark West Texas Intermediate (WTI) was trading at $47.38 with a 3.2 percent gain. International benchmark Brent crude was up 3.1 percent at $50.26.

The U.S.' commercial crude oil inventories fell 5.2 million barrels last week, while the market expectation was a drop of 1.8 million barrels.