TSX Wall Street loonie stumble after recent strong gains as oil prices

TORONTO — The Toronto stock market retreated amid lower commodities after a sharp run-up this week fuelled by higher oil prices.The S&P/TSX composite index faded 30.09 points to 13,881.20 as the price of benchmark crude retreated $1 to US$43.18 a barrel.Oil had closed at a five-month high on Wednesday on positive data about U.S. crude inventories.The decline in crude also weighed on the Canadian dollar, with the oil-sensitive loonie losing almost half a cent, falling 0.48 of a U.S. cent to 78.57 cents US.Elsewhere on commodity markets, the May contract for natural gas was unchanged at US$2.07 per mmBtu; while the May copper contract added a penny to US$2.25 a pound and the June gold contract shed $4.10 to US$1,250.30 a troy ounce.The Dow Jones industrial average registered a 113.75-point decline to 17,982.52, while the S&P 500 lost 10.92 points to 2,091.48. The tech-heavy Nasdaq edged down 2.24 points to 4,945.89.