
NEW YORK (Reuters) – Stocks will take their cues from the oil market this week as unrest rumbles through the Middle East. But so far equity investors are sanguine, believing the economic recovery wins the day.
Sentiment is driving large daily swings as traders vacillate between the fear that oil prices will hit consumers and derail the recovery, and the euphoria that the U.S. labor market is turning a corner.
Reports of escalated fighting in Libya and protests in Bahrain, Yemen and top oil-exporter Saudi Arabia rattled investors...