Treasuries, Oil Retreat as China Shares Enter Bull Market
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Oil fell for a third day as the flow of crude from the Middle East was unaffected by a surge in violence in Libya and Iraq. Treasuries fell, while U.S. stocks were little changed as corporate deals offset concern over crises abroad.
West Texas Intermediate dropped 0.4 percent, to settle at $101.67 a barrel. Ten-year Treasury yields increased two basis points to 2.49 percent. The Standard & Poor’s 500 Index was up less than 0.1 percent after paring a 0.6 percent drop earlier. Chinese shares in Hong Kong entered a bull market, while Russian stocks and the ruble fell amid the threat of further sanctions.