- Late surge lifts Thailand's Jeeno to LPGA Queen City lead
- DeChambeau says PGA's Ryder Cup decision 'just the start'
- Alcaraz defeated on Laver Cup debut
- Postecoglou embraces 'struggle' to make Spurs a success
- Nice hand 'ashamed' Saint-Etienne 8-0 Ligue 1 mauling
- Boeing CEO says ending strike 'a top priority'
- Stock markets mostly fall after Fed-fueled rally
- Harris slams Trump for hypocrisy on abortion as US starts voting
- Academy to host first overseas ceremony to honor young filmmakers
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- Gurbaz, birthday boy Rashid lead Afghanistan to 177-run rout of South Africa
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- Trump shooting: Secret Service admits complacency
- Can an ambitious Milei make Argentina an AI giant?
- Haiti, its suffering growing, in 'race against time': UN expert
- Ibrahim Aqil, the Hezbollah elite unit commander wanted by the US
- Chinese forward Cui signs NBA contract with Brooklyn Nets
- US Fed dissenter calls for 'measured' pace of rate cuts
- Guardiola tells players to lead change over workload as Kompany demands cap on games
- Norway limits wild salmon fishing as stocks hit new lows
- Top Hezbollah commander killed in Israeli strike on Beirut
- Rotterdam fatal knife attacker suspected of 'terrorist motive'
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- Top-ranked Swiatek out of Beijing due to 'personal matters'
- Hard-right Reform UK looks to the future after vote success
- Embiid agrees to NBA contract extension with 76ers
- Joshua aims to complete road to redemption in Dubois bout
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- Biden says 'working' to get people back to homes on Israel-Lebanon border
- Pope criticises Argentina's crackdown on protesters
- Court limits screenings of videos in France mass rape case
- Gurbaz century takes Afghanistan to 311-4 in 2nd ODI
- Central banks face 'difficult balancing act': IMF chief
- McLaren's Norris sets Singapore pace as struggling Verstappen 15th
- Guardiola tells players to lead change over workload fears
- Paris Olympics sports equipment moves to new homes
- 'Happy' Kinghorn relishing life at Toulouse
- Norris sets Singapore pace as Verstappen only 15th
- 8 dead in Israeli strike, source says Hezbollah commander killed
- Germany to bid to host women's Euro 2029
- Portugal brings deadly forest fires under control
- Postecoglou defends Solanke after slow start to Spurs career
- US nuclear plant Three Mile Island to reopen to power Microsoft
- Arteta urges Arsenal to take next step in Man City showdown
- Stock markets fall after Fed-fuelled rally
- Top Hezbollah commander 'killed' in Israel strike
- Poland charges Russian over attack on Navalny ally: prosecutors
- Man City have rest 'advantage' in Arsenal showdown: Guardiola
- Maresca has 'no doubt' in Jackson as Chelsea's number nine
- EU chief announces 35 bn euro loan plan for Ukraine before winter
Oil prices soar on Saudi, Russian supply fears
Oil prices soared Monday as a weekend attack on Saudi facilities and EU discussions on banning Russian crude raised concerns over global supplies.
Top producer Saudi Arabia warned that Yemeni rebel attacks on the kingdom's oil facilities pose a "direct threat" to global supplies, the comments helping Brent North Sea crude surge 6.1 percent to $114.55 per barrel with WTI rising 5.5 percent to $110.48.
Stock markets traded generally flat, as Ukraine rejected a Russian ultimatum to surrender its besieged southern city of Mariupol.
"Oil prices are up noticeably as the new week of trading begins," noted Commerzbank analyst Carsten Fritsch even prior to the Saudi comments.
"The reason for the upswing is news that the EU appears to be considering a ban on oil imports from Russia."
EU foreign ministers gathered to discuss adding sanctions on Moscow, with a raft of countries pressing for a ban on Russian energy. Germany, however, is reluctant given its huge reliance on Russian gas.
Kremlin spokesman Dmitry Peskov warned that an oil embargo "is a decision that will hit everyone".
- Drone strike -
Crude futures jumped also after Yemeni rebels attacked facilities belonging to oil giant Saudi Aramco.
"As war rages in Ukraine, another protracted conflict is also adding to the nervousness around the oil price after Huthi rebels attacked a refinery in Saudi Arabia," said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown.
"It's officially a temporary outage but still has undermined the effect of Saudi Aramco's pledge to ramp up production in coming years."
Drone and missile strikes by Yemen's Iran-backed Huthi rebels at the weekend caused no reported casualties.
The drone assault on the YASREF refinery in Yanbu Industrial City on the Red Sea "led to a temporary reduction in the refinery's production, which will be compensated for from the inventory," the Saudi energy ministry said.
The Saudi-led military coalition that backs Yemen's government said it intercepted and destroyed ballistic missiles and drones launched towards Jizan and other areas in the kingdom, causing "damage" to several sites.
The Saudi foreign ministry said the kingdom "will not incur any responsibility" for shortages in oil supplies in light of the Huthi attacks.
These cross-border assaults are a "direct threat to the security of oil supplies in these extremely sensitive circumstances witnessed by the global energy markets", it added.
Saudi Aramco on Sunday reported a 124-percent surge in annual net profit owing to soaring oil prices that is fuelling inflation worldwide, in turn pushing central banks to raise interest rates that could hinder the economy's growth recovery according to experts.
Traders were cautious as they drank in the latest events affecting markets.
European and Asian stock markets were steadier after recent sharp swings, "not because views on geopolitical or policy/rates risk have improved but because price action shows a market more tolerant of those challenges", said Stephen Innes of SPI Asset Management.
Wall Street was in the red in early deals.
- Key figures around 1400 GMT -
Brent North Sea crude: UP 6.1 percent at $114.55 per barrel
West Texas Intermediate: UP 5.5 percent at $110.48 per barrel
New York - DOW: DOWN 0.2 percent at 34,686.71
London - FTSE 100: UP 0.7 percent at 7,454.43 points
Frankfurt - DAX: FLAT at 14,417.36
Paris - CAC 40: FLAT at 6,611.78
EURO STOXX 50: FLAT at 3,901.62
Hong Kong - Hang Seng Index: DOWN 0.9 percent at 21,221.34 (close)
Shanghai - Composite: UP 0.1 percent at 3,253.69 (close)
Tokyo - Nikkei 225: Closed for a holiday
Euro/dollar: DOWN at $1.1038 from $1.1051 Friday
Pound/dollar: UP at $1.3183 from $1.3181
Euro/pound: DOWN at 83.74 pence from 83.81 pence
Dollar/yen: UP at 119.16 yen from 119.13 yen
burs-bcp-cdw/lth
D.Schneider--BTB