All three main US indices retreat
IFC Markets | Jun 22, 2018 10:11AM ET
US stocks
erased previous day gains on Thursday led by energy stocks, down 1.9%. The S&P 500 lost 0.6% to 2749.76. Dow Jones industrial average fell 0.8% to 24461.70. The Brent recovers as Iran resists calls to expand output
Brent futures prices are rising today as Iran says doesn't think OPEC can reach a deal at meeting in Vienna to increase output. Saudi Arabia proposes raising output by 1 million barrels per day, Prices ended lower yesterday: Brent for August settlement closed 2.3% lower at $73.05 a barrel on Thursday.
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