Retreating Oil Lifts Markets Higher

Crude oil fell below $60 a barrel to a six-month low after Iran said it favored talks on the country's nuclear program and BP Plc said the company may restore most of the production at Alaska's Prudhoe Bay within a week. The Dow rose 34 points to 11,542 while Nasdaq climbed 18 points to 2237. S&P 500 added 7 points to 1322. The 30-year bond rose as the yield eased to 4.702%.