Oil drops with dollar on recession fears; Wall Street ends mixed

Published by
Reuters UK

By Kevin Buckland OTTAWA (Reuters) – Crude oil sank with Treasury yields and the dollar on Thursday as recession worries intensified following the Bank of England’s warning of a drawn-out downturn and ahead of key a hotly anticipated U.S. employment report on Friday. Wall Street stocks ended mixed, with gains for high-growth stocks offset by the drag from energy shares, as a key U.S. jobs report loomed on Friday. The S&P 500 edged slightly lower to 4,151.94, retreating from a two-month closing high in the previous session. The Dow dropped 0.26% to 32,726.82, from near an almost three-month hig…

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