- Bagnaia wins Japan MotoGP sprint to cut Martin's lead
- Alcaraz breezes into third round of Shanghai Masters
- Gaza cultural heritage brought to light in Geneva
- 'Bullet for democracy': Trump returns to site of rally shooting
- Italy targets climate activists in 'anti-Gandhi' demo clampdown
- South Korean cult-horror series 'Hellbound' returns at BIFF
- Nepalis fear more floods as climate change melts glaciers
- Honduras arrests environmentalist's alleged murderer
- Padres pitcher Musgrove needs elbow surgery
- Supreme Court lets stand rules to curb mercury, methane emissions
- Boston beat Denver in NBA exhibition season opener, but Jokic says omens are good
- Chagos diaspora angry at lack of input on islands' fate
- Biden says 'not confident' of peaceful US election
- US trade chief defends tariff hikes when paired with investment
- Lukaku stars as Napoli beat Como to hold Serie A top spot
- Ohtani set for MLB playoff debut as Dodgers face Padres
- Pogba's drug ban cut to 18 months from four years
- Devine leads New Zealand to big win over India in Women's T20 World Cup
- Bosnia floods kill 16 people
- EU court blocks French ban on vegetable 'steak' labelling
- Prosecutors seek dismissal of rape charges against French rugby players
- Meta AI turns pictures into videos with sound
- Bolivia's Morales says claims he raped a minor are a 'lie'
- MLB Reds hire two-time champion Francona as manager
- Daniel Maldini receives first Italy call-up for Nations League
- US dockworkers return to ports after three-day strike
- Ancelotti points finger at Madrid's 'lack of intensity'
- Haiti reeling after 70 killed in gang attack
- Five Czech kids in hospital over TikTok 'piercing challenge'
- What happens next in Iran-Israel conflict?
- Country star Garth Brooks denies rape accusations
- Stubbs hits maiden century as South Africa make 343-4 against Ireland
- DR Congo to begin mpox vaccination campaign Saturday in east
- Odegaard injury has forced Arsenal to be 'different', says Arteta
- Ratcliffe refuses to guarantee Ten Hag's Man Utd future
- Meta must limit data use for targeted ads: EU court
- Mauritius to hold legislative election on November 10
- Britain qualify for America's Cup final after 60-year wait
- IMF asks Sri Lanka to protect hard-won gains
- Morata returns to Spain Nations League squad after injury
- Irish regulator to probe Ryanair use of facial recognition
- Public allowed to see video evidence in France mass rape trial
- US hiring soars past expectations in sign of resilient market
- Under-fire Ten Hag 'together' with Man Utd hierarchy
- Guardiola talks of Man City love affair as financial hearing rumbles on
- De Bruyne out of Belgium Nations League squad
- Japanese trainer Yahagi hopes Shin Emperor achieves 50-year-old Arc dream
- UK's Starmer hails 'landmark' carbon capture funding
- As EU targets Chinese cars, European rivals sputter
- Bosnia floods kill 14 people
Oil extends rally on Russia sanctions bets, stocks edge higher
Oil prices extended gains Tuesday on the prospect of further sanctions on Russia for alleged "atrocities" in some occupied Ukrainian cities, while equities edged up after a rally in New York and Europe.
European Union officials were discussing new measures against Moscow after reports -- denied by the Kremlin -- that troops had executed civilians.
Among the punishments could be a ban on imports of Russian crude, following a similar move by the United States and Britain.
White House National Security Advisor Jake Sullivan also signalled more US sanctions were on the way this week.
While Europe's economy -- particularly Germany's -- relies heavily on energy from Russia, the possibility of an embargo sent both main contracts sharply higher Monday, and they continued their rise in Asia, putting on more than one percent.
That pared some of the sharp losses seen Friday in reaction to a pledge by Washington and other major economies to unleash millions of barrels from their stockpiles to keep a lid on prices, which are fanning already high inflation.
It also offset an expected hit to demand in China from lockdowns in parts of the country -- including Shanghai, the biggest city -- sparked by a wave of Omicron outbreaks.
"In the wake of 'Russian atrocities' claims and the ensuing public outrage, there is a strong chance we could see another layer of sanctions on Russian energy," said SPI Asset Management's Stephen Innes.
"The receptiveness on the part of Europe (including Germany) to refrain from importing Russian gas has put a bid under and should keep energy prices supported."
The continued uncertainty caused by the war in Ukraine, and the blow to the global economy it is expected to deal, was unable to prevent another healthy performance on Wall Street, where the Nasdaq's surge led all three main indexes higher.
"Despite all the concerns, equities remain the best bet to achieve returns above today's elevated inflation," said markets strategist Louis Navellier.
Trade was tepid in Asia, with Hong Kong, Shanghai and Taipei closed for holidays but most markets rose.
Tokyo, Sydney, Seoul, Singapore, Jakarta, Bangkok and Wellington were slightly up, though Mumbai and Manila dropped.
London, Paris and Frankfurt all opened on the front foot.
Traders will be keeping a close eye on the release this week of minutes from the Federal Reserve's most recent policy meeting, hoping for an insight into officials' thinking over monetary policy.
After last month's expected 0.25 percentage point interest rate hike, there are increasing bets on a half-point lift in May in light of soaring inflation and strong jobs data that suggest the economy remains robust enough to absorb higher borrowing costs.
And National Australia Bank's Tapas Strickland added: "Profit reporting season in the US kicks off next week and it will be interesting to see how firms are interpreting the tea leaves, and whether earnings guidance is revised down."
- Key figures around 0720 GMT -
Tokyo - Nikkei 225: UP 0.2 percent at 27,787.98 (close)
Hong Kong - Hang Seng Index: Closed for a holiday
Shanghai - Composite: Closed for a holiday
London - FTSE 100: UP 0.1 percent at 7,567.98
Brent North Sea crude: UP 1.6 percent at $109.20 per barrel
West Texas Intermediate: UP 1.6 percent at $104.93 per barrel
Euro/dollar: UP at $1.0984 from $1.0978 late Monday
Pound/dollar: UP at $1.3142 from $1.3114
Euro/pound: DOWN at 83.56 pence from 83.65 pence
Dollar/yen: DOWN at 122.66 yen from 122.78 yen
New York - Dow: UP 0.3 percent at 34,921.88 (close)
S.Pimentel--PC