- 'Yes' vote prevails in Kazakhstan nuclear plant vote: TV
- 'Difficult day': Oct 7 commemorations begin with festival memorial
- Commemorations begin for anniversary of attack on Israel
- 'Nothing gets in way of team,' says Celtics' MVP hopeful Tatum
- 'We will win!': Mozambique's ruling party confident at final vote rally
- Tunisia voting ends as Saied eyes re-election with critics behind bars
- Florida braces for Milton, FEMA head slams 'dangerous' Helene misinformation
- Postecoglou slams 'unacceptable' Spurs after 'terrible' loss at Brighton
- Marmoush double denies Bayern outright Bundesliga top spot
- Rallies worldwide call for Gaza, Lebanon ceasefire
- New 'Joker' film, a dark musical, tops N.America box office
- Man Utd stalemate keeps Ten Hag in danger, Spurs rocked by Brighton
- Drowned by hurricane, remote N.Carolina towns now struggle for water
- Vikings hold off Jets in London to stay unbeaten
- Ahead of attack anniversary, Netanyahu says: 'We will win'
- West Indies cruise to T20 World Cup win over Scotland
- Man Utd fire another blank in Aston Villa stalemate
- Lewandowski treble powers Liga leaders Barca to Alaves victory
- Russian activist killed on front line in Ukraine
- Openda strike briefly sends Leipzig top of Bundesliga
- Goal-shy Man Utd have to 'step up', says Ten Hag
- India bowl out Bangladesh for 127 in T20 opener
- Madueke rescues Chelsea in draw with 10-man Forest
- Beckett's belief rewarded as Bluestocking storms to Arc glory
- Trump on the stump, Harris hits airwaves in razor-edge US election
- Flash flooding kills three in northern Thailand
- Kaur leads India to victory over Pakistan in Women's T20 World Cup
- Juventus held by Cagliari after late penalty drama
- In France's Marseille, teen 'stabbed 50 times' then burned alive
- Ruthless Gauff beats Muchova in straight sets to win China Open
- India restrict Pakistan to 105-8 in Women's T20 World Cup
- England target repeat of Pakistan Test whitewash
- Penrith Panthers win fourth straight NRL title after downing Storm
- Weary Sinner happy for day off after battling into Shanghai last 16
- Pakistan's Masood warns England still a force without Stokes
- Madrid's Carvajal to miss several months after serious knee injury
- Two elephants die in flash flooding in northern Thailand
- Sabalenka targets world number one and Wuhan hat-trick
- Tunisia votes with Saied set for re-election
- Bagnaia sets 'example' with Japan MotoGP win to cut gap on Martin
- Intense Israeli bombing rocks Beirut ahead of war anniversary
- Mozambique vote: no suspense but some disillusion
- Austrian rapper channels anti-racist rage in Romani hip-hop songs
- Ohtani magic powers Dodgers over Padres in MLB playoff thriller
- Five of the best: Pakistan-England Test thrillers
- Man sets arm on fire as marches across US mark Gaza war anniversary
- Vietnam's young coffee entrepreneurs brew up a revolution
- Trump rallies at site of failed assassination: 'Never quit'
- Too hot by day, Dubai's floodlit beaches are packed at night
- Is music finally reckoning with #MeToo?
Oil price rises even as OPEC boosts output more than expected
Oil prices rose Thursday despite an agreement by major crude producers to boost output more than expected, while US stocks rallied ahead of closely-watched employment data seen as a key input to the inflation debate.
In Vienna, the OPEC+ group decided to add 648,000 barrels per day to the market in July, up from the 432,000 bpd increases in recent months, and a shift from the cartel's recent stance of sticking to a planned pace of monthly production hikes.
"The meeting highlighted the importance of stable and balanced markets for both crude oil and refined products," the group said of the move.
The announcement came after European Union leaders agreed to ban more than two-thirds of Russian oil imports as part of a sixth package of sanctions on Moscow over the Ukraine war.
But the action by producers did not appear to be enough to calm oil markets, with futures contracts rising more than one percent.
The jump in prices reflects "doubts the cartel members can deliver on their promises," TD Securities' Bart Melek said in a note.
He who warned that oil prices could spike "well above" $120 a barrel in the peak summer period amid tight inventories, geopolitical risk and uncertainty over OPEC.
Meanwhile, Wall Street stocks pushed higher after two down sessions in which worries over inflation stymied buying.
Payroll services firm ADP said private US employment rose by 128,000 positions last month, far less than economists expected and well below April's total.
While the ADP data is not necessarily a harbinger of Friday's government jobs data, some market watchers think a Labor Department report showing weakening hiring and less wage pressure might be welcomed by investors.
"Some traders expect to see cooler labor demand, which could slightly ease some inflation worries," Oanda's Edward Moya said.
European shares also closed higher, with Paris leading the way at 1.3 percent and Frankfurt rising 1.0 percent. London's FTSE 100 was shut for a holiday.
Equities fell in Asia as traders grow increasingly worried that central bank moves to rein in inflation could tip economies into recession.
Hong Kong shed one percent, while Tokyo, Sydney, Seoul, Singapore, Wellington, Manila, Jakarta and Taipei were well down. Shanghai and Mumbai edged up.
Large tech companies had a banner session on Wall Street, with Amazon and Google-parent Alphabet each winning 3.2 percent, while Netflix jumped 6.3 percent.
Dow-member Microsoft fell short of those levels but still gained 0.8 percent, despite lowering its profit and sales outlook due to the hit from the strong dollar.
Boeing was another standout, jumping 7.5 percent after the head of Delta Air Lines said the carrier was hoping for a deal to buy planes from the aviation giant.
- Key figures at around 2040 GMT -
Brent North Sea crude: UP 1.1 percent at $117.61 per barrel
West Texas Intermediate: UP 1.4 percent at $116.87 per barrel
New York - Dow: UP 1.3 percent at 33,248.28 (close)
New York - S&P 500: UP 1.8 percent at 4,176.82 (close)
New York - Nasdaq: UP 2.7 percent at 12,316.90 (close)
Frankfurt - DAX: UP 1.0 percent at 14,485.17 (close)
Paris - CAC 40: UP 1.3 percent at 6,500.44 (close)
London - FTSE 100: Closed for a holiday
EURO STOXX 50: UP 1.0 percent at 3,795.13 (close)
Tokyo - Nikkei 225: DOWN 0.2 percent at 21,413.88 (close)
Hong Kong - Hang Seng Index: DOWN 1.0 percent at 21,082.13 (close)
Shanghai - Composite: UP 0.4 percent at 3,195.46 (close)
Euro/dollar: UP at $1.0753 from $1.0650 on Wednesday
Pound/dollar: UP at $1.2568 from $1.2487
Euro/pound: UP at 85.49 pence from 85.28 pence
Dollar/yen: DOWN at 129.85 yen from 130.13 yen
burs-jmb/hs
G.Machado--PC