Last week, oil's ascent trumped a raft of healthy U.S. economic reports. With a relatively light slate of economic data scheduled this week, oil prices and political instability could play an even larger role in the trading sessions ahead.
During a volatile week, stocks bounced between Mideast turmoil and generally strong economic reports. Even with the jobless rate's surprising drop, equities ended on a down note. Still, stocks eked out a tiny overall gain on the week.