With oil prices down, stocks are up.
The Associated Press reported that the S&P 500 jumped 1.1% on Monday and was on track for its best day in five weeks. The Dow Jones Industrial Average was up 0.9%, as of 2:21 p.m. Eastern time, and the Nasdaq composite was 1.4% higher, the Associated Press reported.
Oil was the main driver. A barrel of benchmark U.S. crude fell to $93.54 after rising to $102 earlier in the morning. Brent crude, the international standard, fell to $100.37 per barrel after reaching $106.50.
Before the war, the price of a barrel of oil was about $70.
