Bloomberg News

U.S. Stocks Pare Losses as Energy Shares Rally as Oil Tops $100

November 16, 2011

Nov. 16 (Bloomberg) -- U.S. stocks pared losses as energy shares rallied following a surge in crude oil to a five-month high, while the euro reversed losses versus the dollar and yen.

The Standard & Poor’s 500 Index slipped 0.1 percent to 1,256.51 at 1:30 p.m. in New York after losing as much as 1.1 percent in morning trading. Crude oil climbed as much as 2.9 percent to $102.29 a barrel.

To contact the editor responsible for this story: Michael P. Regan at mregan12@bloomberg.net


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