Summary
NEW YORK -- Rising oil prices and the return of a bond market anomaly cut into Wall Street's early gains Wednesday, leaving stocks with only a modest advance.
The market pulled back in response to a jump in crude oil prices. Oil gained after Iran's oil minister was reported to have said the Organization of Petroleum Exporting Countries should consider lowering its output by 1 million barrels a day at its Jan. 31 meeting. A barrel of light crude settled at $59.82, up $1.66, in trading on the New York Mercantile Exchange.See the full content of this document
Extract
Oil Costs, Inverted Yield Curve Curb Stock Gains
Investors also worried about the bond market. Stocks fell Tuesday after yields on long-term bonds droppe...
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