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May 8, 2026

Stocks fall from records as oil prices yo-yo

By STAN CHOE
AP Business Writer

NEW YORK — U.S. stocks fell from their records Thursday after oil prices yo-yoed as Wall Street waits to see whether its hopes for a deal to end the Iran war are warranted or just wishful.

The price for a barrel of Brent crude oil settled at $100.06, down 1.2%, and continued its decline from more than $115 early this week. But it swung sharply before getting there, as Iran said it was reviewing the latest U.S. proposals on ending their war.


 
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