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European stocks higher as positive momentum continues; UK GDP grows slightly

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European stock markets were higher Thursday as investors assess U.S. inflation and dovish Fed comments.

Oil prices were higher Thursday following a fall of over 2% on Wednesday as markets continued to assess the huge increase in volatility in the Middle East amid the Israel-Hamas war . International benchmark ICE Brent Crude futures were up 0.93% to $86.62 a barrel at 9:23 a.m. in London, as WTI Crude futures rose 0.

72% to $84.09 a barrel. In its monthly report, the International Energy Agency on Thursday said oil markets would remain on edge over potential output disruption as the war persists. It also said it 'stands ready to act if necessary to ensure markets remain adequately supplied.' @LCO.1 5D line Brent crude futures. — Jenni Reid

 

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