
Asian shares are trading mixed Monday after a cooldown in oil prices last week helped U.S. stock close out their first winning week in the last three. Benchmarks rose in Monday trading in Australia and China, while falling in South Korea, and being little changed in Japan. Last week, Brent crude declined but oil prices were again rising in Asian trading.
The price is volatile because of uncertainty about when the war with Iran will allow oil to flow freely again from the Middle East, including access to the Strait of Hormuz. The S&P 500 added 0.5% Friday, the Dow rose 0.9%, and the Nasdaq climbed 0.5%.
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