Price of oil cruises past $60 US as TSX retreats from record-setting pace

Oil prices pushed past a $60 US symbol for a initial time in about 2½ years as Canada’s categorical batch index retreated from a two-day record streak.

The Feb benchmark U.S. wanton agreement hits a top levels given late Jun 2015, and eventually staid Friday up 58 cents at $60.42 US per barrel, 

The Toronto Stock Exchange’s SP/TSX combination index tumbled 29 points to 16,192 in a broad-based decline.

On Wednesday and Thursday, the TSX closed during record highs of 16,203.13 and 16,221.95, respectively.

In New York, a Dow Jones industrial normal was down 35.45 points to 24,802.06. The SP 500 index inched behind 1.48 points to 2,686.06 and a Nasdaq combination index was down 19.77 points to 6,930.39.

The Canadian dollar was trade during 79.65 cents US, adult from Thursday’s normal cost of 79.44 cents US.

Elsewhere in commodities, a Feb healthy gas agreement was adult 7 cents to $2.99 US per mmBTU. The Feb bullion agreement climbed $7.40 to $1,301.50 US an unit and a Mar copper agreement was down dual cents to $3.27 US a pound.

U.S. benchmark wanton surfaced $60 US per tub on Friday. (Ernest Scheyder/Reuters)

Article source: http://www.cbc.ca/news/business/oil-stocks-dollar-markets-1.4467495?cmp=rss