Dow Jones Drops 251 Points Friday as Oil Prices Surge

The Dow Jones fell 251 points today. The cause? An afternoon oil-price surge caught the market off guard. West Texas Intermediate crude jumped 8% in New York after Islamic State militants attacked Kurdish forces near the oil-rich city of Kirkuk and news emerged that the U.S. rig count, an indicator of forward production, slipped by 7% this week. The post Dow Jones Drops 251 Points Friday as Oil Prices Surge appeared first on Money Morning - Only the News You Can Profit From .