Stocks splutter as oil races to near six-month high
Share:
LONDON (Reuters) - Oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher but largely failing to help the currencies of the main crude-oil producers. News that the U.S. had told buyers of Iranian oil to stop purchases by May 1 or face sanctions pushed Brent towards $75 a barrel and made for a lively return from the four-day Easter break for Europe's markets. Oil and gas shares jumped more than 1.7 percent..