Commodities
Wall Street Rises as Oil Prices Fall Amid Middle Eastern Tensions
Stocks on Wall Street rose as oil prices fell for the first time in a week, despite ongoing heavy fighting in the Middle East that threatened to disrupt global oil supplies.
The AP reports that stocks are rising even as tensions escalate in the region, where oil production is being impacted by conflict.
Crude oil prices have been falling steadily over the past week, but Monday marked a significant drop of 0.5% to $94.25 per barrel.