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Wall Street rebounds in early trading as crude oil prices back off last week's surge

Wall Street rebounds in early trading as crude oil prices back off last week's surge

Wall Street is narrowly mixed in early trading, with a pullback in oil prices encouraging investors to try to recover some of last week's losses.
Crude prices are dipping below $136 a barrel in early trading after shooting above $139 last week. On Friday, soaring energy prices and a huge jump in the unemployment rate sent the Dow Jones industrial average plunging nearly 400 points.
After Friday's rout, the Dow is up about 39 points at the 12,249 level.


Updated : 2021-01-18 07:07 GMT+08:00