Oil, Euro Fall as Spain Yields Surge; S&P 500 Advances

Oil and the euro fell while Spain’s 10-year yield rose to a record as an increase in bad Spanish loans fueled concern the debt crisis is deepening, overshadowing wins by pro-bailout parties in Greece. Most U.S. stocks rose.

Oil lost 0.9 percent to pace a retreat in commodities. Natural gas rallied on speculation hotter weather will boost demand at power plants. The euro weakened 0.5 percent to $1.2572 at 4 p.m. New York time after strengthening for four straight days. The 10-year Spanish yield jumped as much as 41 basis points to 7.29 percent and ended at 7.16 percent. The Standard & Poor’s 500 Index added 0.1 percent as 11 stocks gained for every 10 that fell on U.S. exchanges. Treasury 10-year yields were little changed at 1.58 percent.