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- '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
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- Honduras arrests environmentalist's alleged murderer
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- 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
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- 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
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- 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
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Oil extends rally as EU proposes more Russia sanctions
Oil prices jumped further Tuesday as the European Union proposed further sanctions against major crude producer Russia in response to killings in the Ukrainian town of Bucha that have prompted international condemnation.
Elsewhere, European and US stocks were mostly lower, while Asian equity markets rose. The dollar was mixed versus major rivals.
Oil rising again "is bad news for corporates looking to manage cost pressures, and for consumers already struggling to stomach higher energy bills", noted Russ Mould, investment director at AJ Bell.
While countries in Europe -- particularly Germany -- rely heavily on energy from Russia, the possibility of an oil embargo sent both main crude contracts sharply higher Monday.
In the end the EU didn't target oil, instead calling for sanctions on coal and shipping.
But Brent North Sea and WTI oil continued their rise on Tuesday, helping paring 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.
The additional EU sanctions came days after dozens of bodies were found on the streets in Bucha, northwest of Kyiv, though some countries remain worried of the potential economic fallout.
Ukrainian President Volodymyr Zelensky blames Russian troops for the killings, but the Kremlin has denied responsibility.
White House National Security Advisor Jake Sullivan signalled more US sanctions were on the way this week.
The US Treasury said Tuesday said that the United States will bar Russia from making debt payments using funds held at American banks, to ramp up the economic pain on Moscow.
Wall Street opened moderately lower after posting strong gains Monday despite continued uncertainty caused by the war in Ukraine.
But market analyst Patrick J. O'Hare at Briefing.com said investors were concerned that the rally by stocks off March lows won't last.
Investors "will be battling the idea that further upside will be harder to come by given an existing backdrop that includes rising interest rates, persistently high inflation pressures around the globe, and Russia's continued attack on Ukraine," he said.
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 future monetary policy.
After the Fed's expected quarter-point interest rate hike last month, there are increasing bets on a half-point lift in May in light of soaring inflation and strong jobs data that suggest the US economy remains robust enough to absorb higher borrowing costs.
- Key figures around 1330 GMT -
Brent North Sea crude: UP 0.6 percent at $108.21 per barrel
West Texas Intermediate: UP 0.7 percent at $104.02 per barrel
London - FTSE 100: UP 0.2 percent at 7,570.62 points
Frankfurt - DAX: DOWN 0.6 percent at 14,429.87
Paris - CAC 40: DOWN 1.6 percent at 6,626.82
EURO STOXX 50: DOWN 0.8 at 3,921.07
New York - Dow: DOWN 0.3 percent at 34,835.12
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
Euro/dollar: DOWN at $1.0960 from $1.0978 late Monday
Pound/dollar: UP at $1.3146 from $1.3114
Euro/pound: DOWN at 83.38 pence from 83.65 pence
Dollar/yen: UP at 122.82 yen from 122.78 yen
burs-rl/raz
X.M.Francisco--PC