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Stocks open higher on Wall Street and crude oil prices drop 6% as Mideast tensions cool
['Damian J. Troise And Alex Veiga', 'July', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Stocks on Wall Street drifted to a mixed close Monday as oil prices fell after the U.S. and Iran paused their attacks while work resumed on restarting negotiations to end the war.
The S&P 500 rose less than 0.1% after spending much of the day bouncing between small gains and losses.
Oil prices reversed course from a week ago, when a sharp escalation in fighting between the U.S. and Iran worsened worries about global oil supplies.
The price of Brent crude, the international standard, dropped 6.3% to settle at $85.87 a barrel for October delivery.
U.S. crude oil for September delivery fell 7.5% to settle at $82.61 a barrel.