US stocks fall as oil prices rise

Stocks fell today as oil prices rose past US$66 (€54.52) a barrel and Wells Fargo & Co. and other bank earnings disappointed the market.

US stocks fall as oil prices rise
Tue, 17 Jan, 2006 - 21:50

Stocks fell today as oil prices rose past US$66 (€54.52) a barrel and Wells Fargo & Co. and other bank earnings disappointed the market.

US investors sold off equities as crude oil futures soared after an attack on an oil platform in Nigeria, the fifth largest oil exporter to the US.

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CourtsBusinessHeathrowPlace: USPlace: NigeriaPlace: Greenwich, ConnectiutPlace: CincinnatiPlace: JapanPlace: TokyoPerson: Steven GoldmanOrganisation: Wells Fargo & Co.Organisation: New York Mercantile ExchangeOrganisation: Weeden & Co.Organisation: Wells FargoOrganisation: Fifth Third BancorpOrganisation: Livedoor Co.Organisation: Nasdaq
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