Another climb for oil prices shook stock markets, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve. The S&P 500 fell 1.5% Friday to close its fourth straight losing week. The Dow Jones Industrial Average dropped 1%, and the Nasdaq composite sank 2%. The losses deepened after oil prices erased an early loss and accelerated in the afternoon. Stocks fell by similar amounts across Europe. Treasury yields jumped as traders speculated the Fed won’t be able to cut rates this year because of how high oil prices have climbed.