Closing Glance: Machinery close lower as oil prices climb

NEW YORK—Shares of machinery companies closed down slightly Monday after oil prices rose to a new record above $120 a barrel.

Crude oil futures for June delivery surged to a new trading high of $120.21 a barrel on the New York Mercantile Exchange before pulling back. The jump followed news of an attack on a Nigerian oil facility.

Here's how some machinery stocks closed Monday:

Manitowoc Co., down 20 cents to $39.37.

Terex Corp., down 8 cents to $72.20.

Cummins Inc., up 69 cents to $67.82.

Caterpillar Inc., down 5 cents to $82.75.

Deere & Co., down 87 cents to $84.37.

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