Oil prices inch back toward $100 a barrel as U.S. stocks retreat from records

Stocks remain near their records, even with all the pressure on the global economy created by higher inflation.

Specialist Anthony Matesic works at his post on the floor of the New York Stock Exchange on Wednesday, June 3, 2026. [Photo: Richard Drew/AP Photo]

Oil prices rose Wednesday following the latest flare-up in fighting to threaten the U.S.-Iran ceasefire, and U.S. stocks retreated from their records.

The S&P 500 fell 0.5% from its all-time high. The Dow Jones........

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