W. Edward Newton Jr., CFP (R) | 13850 Ballantyne Corporate Place, Suite 500 | Charlotte, NC 28277 | 704-552-8689

 

DOWN Wk, OPEC Raises Production Raising Oil Prices
for Week Ending 6/22/2018

 

Even with a Dow rally Friday, snapping an 8-day losing streak, the majors all finished down this week. For the week the Dow lost 509 pts or -2.03%, the S&P dropped 24 pts or -0.89%, while the NASDAQ fell 53 pts or -0.69%. OPEC met and agreed to increase output to meet demand, causing oil prices to jump Friday. West Texas crude & Brent crude futures finished up at $68.58 & $75.55 per barrel respectively.  Have a good weekend! Ed

 



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W. Edward Newton Jr., CFP | Certified Financial Planner

13850 Ballantyne Corporate Place, Suite 500 Charlotte, North Carolina 28277 Phone: (704) 552-8689 | Email: ed@newtonwealthmanagement.com