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US stocks narrowly mixed as oil prices rise

US stocks narrowly mixed as oil prices rise

Wall Street is narrowly mixed in early trading as investors warily watch events in the Middle East. Israel has continued its attack on Gaza for a third day.
Oil rose near $40 a barrel in response to the conflict between Israel and Gaza's Hamas rulers. Light, sweet crude rose $1.70 to $39.41 a barrel on the New York Mercantile Exchange.
The advance in oil was welcome for some investors who have worried that plunging prices signaled a long and severe recession. Oil has fallen more than $100 from its peak of $147.27 a barrel on July 11 as a slowing economy curbed demand.
The Dow Jones industrial average is up 5 points at 8,521, while broader indicators are narrowly mixed.
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Updated : 2021-04-12 11:59 GMT+08:00