Oil prices continue climb on US-Iran deal doubts; stocks retreat | live
By Chris Prentice and Amanda Cooper NEW YORK/LONDON, Aug 11 (Reuters) - Oil prices touched a one-week high on Tuesday and Wall Street finished lower as traders grew more pessimistic about a potential deal to bring stability to the Middle East and reopen the Strait of Hormuz. Uncertainty over the global inflation outlook also weighed. Gold prices retreated from a two-month peak ahead of consumer price data due on Wednesday.
By Chris Prentice and Amanda Cooper NEW YORK/LONDON, Aug 11 (Reuters) - Oil prices touched a one-week high on Tuesday and Wall Street finished lower as traders grew more pessimistic about a potential deal to bring stability to the Middle East and reopen the Strait of Hormuz. Uncertainty over the global inflation outlook also weighed. Gold prices retreated from a two-month peak ahead of consumer price data due on Wednesday.
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