World News
US stock futures fall as Brent crude climbs above $114 a barrel
Oil prices rose Friday, with U.S. benchmark crude up 1.8% and gasoline averaging $4.29 a gallon.
The short version
- U.S. stock futures slipped Friday, with S&P 500 futures down 0.3% and Dow Jones futures down 0.6%.[Associated Press]
- Brent crude rose 1.6% to $114.92 a barrel, and U.S. benchmark crude gained 1.8% to $101.22.[Associated Press]
- The national average for regular gasoline rose 2 cents to $4.29 a gallon, according to AAA, versus $3.07 a year earlier.[Associated Press]
- A later ABC News report put Brent at $117.20, up 3.6%, so reported oil prices differ across outlets.[ABC News]
Key facts
- S&P 500 futures fell 0.3% and Dow Jones futures slid 0.6% on Friday.[Associated Press]
- Brent crude rose 1.6% to $114.92 per barrel on Friday, while U.S. benchmark crude rose 1.8% to $101.22.[Associated Press]
- ABC News reported that Brent rose 3.6% to $117.20 a barrel, its highest level since March.[ABC News]
- AAA reported the national average for regular gasoline rose 2 cents to $4.29 a gallon, compared with $3.07 a year earlier.[Associated Press]
What remains uncertain
- Reported Brent prices differ between AP ($114.92) and ABC News ($117.20), and the sources do not explain the gap.[Associated Press · ABC News]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.
- US futures under pressure as crude reaches levels not seen since MayAssociated Press · Wire: associated-press
- Wall Street mostly loses ground under pressure from rising oil pricesABC News - Business