Wall Street falls as oil prices climb

Rising oil prices dragged down Wall Street on Friday, with all three major US indices closing lower. Dow Jones fell 1.2 percent, S&P 500 dropped 0.5 percent, and Nasdaq declined 0.2 percent. Brent crude oil traded around $117 per barrel, up about 3.5 percent during the day. Bank stocks including JP Morgan and Citigroup each fell 1.5 percent, while oil companies gained, with Chevron rising 2.9 percent and Conoco Phillips up 3.6 percent. For the week overall, Dow Jones rose 0.4 percent, while S&P 500 fell 0.5 percent and Nasdaq declined 0.7 percent.