Wall Street closes lower on oil price decline

Published 10.06.2016 00:58
Updated 10.06.2016 00:59
Wall Street closes lower on oil price decline

Wall Street closed lower on Thursday as oil prices bounced back from their 11-month high.

The Dow Jones fell 19 points to end the day at 17,985. The S&P 500 was down 3 points to close at 2,115, while the Nasdaq lost 16 points to end at 4,958.

While the Dow finished the day below the critical 18,000 point mark, the S&P 500's three-day winning streak came to an end.

At the closing bell, American benchmark West Texas Intermediate traded at $50.56 per barrel -- a 1.4 percent decrease and, international benchmark Brent crude fell to $51.97 a barrel -- a 1.2 percent decline. 

West Texas was as high as $51.67 a barrel -- its highest level since last July while Brent crude was as high as $52.84 per barrel -- its highest since October.

Share on Facebook Share on Twitter