Oil Prices Rise, Stocks Mixed on Iran War Uncertainty

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Oil prices rose as stock markets traded mixed on Tuesday, weighed down by uncertainty over the future of the Middle East war. Brent North Sea crude for June delivery, the most widely traded contract, rose 0.3 percent to $107.72 a barrel. The May contract for the international benchmark, which expires on Tuesday, was up 2.1 percent at $115.17 a barrel. Oil prices “continue to be a major burden on the economy,” said Susannah Streeter, chief invest…

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The war in the Middle East, the rise of oil and the rise of fertilizers reorder the global grain market. An analysis by the Austral University warns that soy is becoming attractive to maize for lower relative costs, new biofuel rules in the United States and expectations of increased Chinese demand. Read more