Oil Rebounds to Halt Commodity Rout; Apple Drags on U.S. Stocks

Oil rebounded from a six-month low to stem the selloff in commodities, while Treasuries retreated amid speculation the Federal Reserve is close to raising interest rates. U.S. stocks declined as Apple Inc.’s slide deepened.

Brent crude rose 0.9 percent to settle at $49.99 a barrel, after dropping below $50 Monday for the first time since January. Yields on 10-year Treasury notes added seven basis points to 2.22 percent. The Standard & Poor’s 500 Index lost 0.2 percent by 4 p.m. in New York, dropping below its 100-day moving average. Apple sank for the 10th time in 11 days, with Tuesday’s