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Stocks tick up to record high; oil cuts losses

A broad measure of equity markets across the world climbed to a record high on Monday, boosted by gains in Asia, while U.S. and European markets were little changed, with U.S. energy shares capping gains on the benchmark S&P 500 index.

Oil prices fell, pressured over the past several days after last week climbing to their highest since May, as OPEC exports hit a record peak last month and output rose to a 2017 high. However, both U.S. crude and Brent settled far from their session lows.

Strong economic data globally and healthy corporate earnings in the United States have supported equities, with the Dow industrials closing Friday at an eighth consecutive record high.

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