International Oil Prices Soar, Strong Tech Earnings Drive European Stocks Higher
International oil prices briefly hit a four-year high due to concerns over renewed Middle East tensions but later retreated. Meanwhile, European stock markets closed higher, driven by strong earnings reports from several technology companies.
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- 📰 Published: May 1, 2026 at 01:53
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Central News Agency
(Central News Agency, London, April 30, comprehensive foreign report) International oil prices today touched a four-year high due to market concerns over renewed Middle East tensions, but later retreated during trading. At the same time, European and American stock markets mostly rose, driven by strong earnings reports from some technology companies, with all three major European stock indices closing higher.
According to AFP, international benchmark Brent crude oil once surged over 7%, rising to $126 per barrel, but later fell back to around $110. Even so, this price is still nearly double what it was before the US and Israel attacked Iran.
The London FTSE 100 index surged 165.71 points or 1.62%, closing at 10378.82 points.
The Frankfurt DAX index soared 337.82 points or 1.41%, closing at 24292.38 points.
The Paris CAC 40 index rose 42.71 points or 0.53%, closing at 8114.84 points. (Compiled by: Yang Chao-yen) 1150501
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(Central News Agency, London, April 30, comprehensive foreign report) International oil prices today touched a four-year high due to market concerns over renewed Middle East tensions, but later retreated during trading. At the same time, European and American stock markets mostly rose, driven by strong earnings reports from some technology companies, with all three major European stock indices closing higher.
According to AFP, international benchmark Brent crude oil once surged over 7%, rising to $126 per barrel, but later fell back to around $110. Even so, this price is still nearly double what it was before the US and Israel attacked Iran.
The London FTSE 100 index surged 165.71 points or 1.62%, closing at 10378.82 points.
The Frankfurt DAX index soared 337.82 points or 1.41%, closing at 24292.38 points.
The Paris CAC 40 index rose 42.71 points or 0.53%, closing at 8114.84 points. (Compiled by: Yang Chao-yen) 1150501
Choose to stand with facts, every sponsorship is a force to protect press freedom.
Download the Central News Agency "First-hand News" APP to get the latest news instantly.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.