Global Markets Slip as Oil Rises Amid Stalled US-Iran Talks

World shares were mostly lower while oil prices pushed higher to end last week, as talks on ending the war between the United States and Iran remained stalled, CBS News reported.

U.S. futures wavered after Wall Street pulled back from its all-time highs. (Photo: Tobias Deml, Wikimedia Commons) 

U.S. futures also wavered after Wall Street pulled back from its all-time highs. Futures for the S&P 500 were flat, while those for the Dow Jones Industrial Average were down 0.38% early Friday.

In early European trading, Germany’s DAX fell 0.2% to 24,106.17, while France’s CAC 40 dropped 1% to 8,147.70. Britain’s FTSE 100 declined 0.6% to 10,397.64. Shares were mixed in Asian trading.

Oil prices have remained elevated since the Iran conflict began on Feb. 28.

The international benchmark Brent crude was trading just below $107 per barrel Friday morning, while U.S. benchmark West Texas Intermediate rose about 1.4% to just over $97 per barrel, the Associated Press (AP) reported.