Web
Analytics
The news is by your side.

Oil boost

Oil boost helps world stocks turn positive for 2018

LONDON: World stocks hit a three-week high on Thursday and turned positive for the year as rising oil prices gave energy firms a shot in the arm that countered the effects of increased political uncertainty. Brent crude rose to another 3-1/2 year high of $77.89 overnight amid fears of supply disruptions after President Donald Trump withdrew the United States from a 2015 nuclear accord with Iran and ordered sanctions be re-imposed. The dollar meanwhile eased slightly from 2018 highs ahead of U.S. April inflation numbers…