IBT Staff Reporter

4741-4770 (out of 154955)

Stocks Extend Gains As Inflation Worries Ease

World shares extended their gains on Monday, building on Friday's strong Wall Street close, while oil prices came off their peaks, improving sentiment and tempering concerns of prolonged inflation.

Oil Rises $2/bbl After G7 Vows New Russian Sanctions

Oil rose $2 a barrel on Monday on the prospect of even tighter supplies loomed over the market as the Group of Seven nations promised to tighten the squeeze on Russian President Vladimir Putin's war chest while actually lowering energy prices.

Pages