[BRIEFING.COM] The S&P 500 (+0.4%), Nasdaq Composite (+0.6%), and DJIA (+0.3%) are charting session highs after Reuters reported that Israeli Prime Minister Benjamin Netanyahu instructed his cabinet to begin direct negotiations with Lebanon.
The headline spurred a retreat in oil prices, with WTI Crude currently up $4.52 (+4.8%) to $98.93 per barrel after previously eclipsing the $102 per barrel mark.