Looming oil price surge pulls PSEi back to 5,600

MANILA, Philippines — Local stocks fell on Friday as rising global oil prices and concerns over escalating tensions in the Middle East dampened investor sentiment. The benchmark Philippine Stock Exchange Index (PSEi) shed 0.44 percent, or 25.23 points, to close at 5,680.35. The broader all-shares index declined by 0.51 percent. READ: US could strike Iran this weekend,