World shares retreat and oil prices trade above $100 a barrel

BANGKOK (AP) — Shares in Europe and Asia were mostly lower Thursday following a retreat on Wall Street as the price of crude oil again traded above $100 a barrel.

The future for the S&P 500 rose 0.2% and that for the Dow Jones Industrial Average was up 0.4%.

In Germany, the DAX fell 0.2% to 25,535.88. The CAC 40 in Paris edged 0.2% higher, while Britain’s FTSE 100 lost 0.2% to 10,651.40.

The price of Brent crude jumped 3.4% on Wednesday, surging above $100 a barrel for the first time since July. It added another 0.3% early Thursday, to $101.52 a barrel.

U.S. benchmark crude gained 0.4% to $96.42 a barrel.

The latest attacks between the U.S. and Iran are stifling the flow of oil through the Strait of Hormuz, and U.S. President Donald Trump said Wednesday that Read Entire Article