North American stock markets rise as oil surges

Stock markets in Toronto and New York were solidly higher in late morning trading on Monday as crude oil jumped by six per cent and metals prices surged. "Stock market prices and oil prices have been tracking each other like a shadow through the first part of the year," said Michael Scanlon, managing director and portfolio manager for John Hancock Asset Management. The rise in oil came despite a report from the International Energy Agency which forecast that oil prices would not see an