Oil Price Worries Persist


"Oil hit a two-year high, moving above $106 a barrel."

Stocks are opening higher on word of two multi-billion dollar takeover deals, but rising oil prices are limiting the gains.

Oil hit a two-year high, moving above $106 a barrel.

In the opening minutes of trading, the Dow Jones industrial average is up 56 points, or 0.5%, to 12,226.

The Standard and Poor's 500 index is up 6 points, or 0.5%, to 1,327. The Nasdaq composite is up 8 points, or 0.3%, to 2,792.

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