LONDON: Oil prices rose Tuesday on tensions in the Middle East while stock markets wavered as investors awaited key inflation data later this week.
Brent North Sea Crude rose 1.1 per cent to $84.03 per barrel, while West Texas Intermediate added 2.6pc to $79.72 per barrel.
Meanwhile, Wall Street had a mixed day as investors returned from the three-day Memorial Day weekend.
European stocks lacked direction to end in the red, with London’s FTSE 100 index closing down 0.7pc after its long weekend, despite grocery delivery platform Ocado soaring almost 10pc on a raised analyst outlook.
Frankfurt and Paris suffered similar losses.
Published in Dawn, May 29th, 2024
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