Stock futures lower, oil declines, gasoline record, bitcoin drops: LIVE UPDATES

Stock futures decline ahead of PPI, jobless claims

U.S. equity futures traded lower Thursday morning as selling continued after the consumer price index for April remained near a 40-year high, sparking concerns about a looming recession. Continue reading

Oil slips more than 2% on recession fears

Benchmark U.S. oil dropped to $103 per barrel in electronic trading on the New York Mercantile Exchange. It gained 6% on Wednesday. Brent crude fell to around $105 per barrel. It added 4.9% the day before.

Gasoline hits new high

The average price for a gallon of gasoline in the U.S. rose to a record Thursday morning to $4.418, according to the latest numbers from AAA. The price on Wednesday was $4.404. 

Bitcoin continues week long decline

Bitcoin traded around $27,000. Bitcoin had fallen the last seven days leading into Thursday, according to CoinDesk. Bitcoin is off more than 26% month-to-date and down more than 38% year-to-date.

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