NEW YORK (AA) – The stock market opened lower Thursday as oil prices continued to decrease.
The Dow fell eight points to begin the day at 20,847 and the S&P 500 was down less than a point at 2,362.
The Nasdaq lost four points to start trading at 5,833.
At the first bell, American benchmark West Texas Intermediate (WTI) was trading at $49.77 a barrel — a 1 percent decline — while international benchmark Brent crude was at $52.60 per barrel — a 0.9 percent decline.
Oil prices declined more than 5 percent Wednesday with a rise in value of the American dollar and the U.S. crude oil inventories extending their gains for the ninth consecutive week.
