US stocks finish mostly higher as energy companies climb
June 22, 2018
NEW YORK (AP) — Oil prices and energy companies rallied Friday after OPEC said it will produce more oil, but not as much as investors feared. While trade tensions remained in the headlines, U.S. stocks finished slightly higher at the end of a bumpy week.
U.S. crude futures jumped 4.6 percent after OPEC nations agreed to produce about 1 million additional barrels of oil per day. Reports have said for weeks that production was likely to rise, but analysts said investors appear to think the boost will be smaller than OPEC says it will. So oil prices rallied even though they usually go down when p...
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