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Oil hits $US117 for first time since April; Wall Street slips

The Australian Financial Review (AFR) •
October 23, 2026 • 06:23 PM
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Oil rose on fears of fresh escalation in the conflict between the United States and Iran, pushing the S&P 500 to its second-straight week of losses.

Oil hits $US117 for first time since April; Wall Street slips

Stocks slipped on Wall Street on Friday under increasing pressure from rising oil prices, as brent crude hit $US117 for the first time since April.

The S & P 500 fell 0.4 per cent, adding to its decline from a day before. The index is on track for a second-straight week of losses. The Dow Jones Industrial Average fell 591 points, or 1.1 per cent, as of 4am AEDT.

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