Oil prices rise despite ceasefire extension

Oil prices rise despite ceasefire extension Oil prices have edged higher while Europe's main stock markets eased on uncertainty surrounding the prospect of resumed peace talks following an extension to the US-Iran ceasefire. Asian equities had a mixed trading day as investors wait for clarity but broadly expect that both US President Donald Trump and the authorities in Iran want to end a war that has sent oil and gas prices soaring. "The ceasefire extension hasn't done much to calm nerves given that worries remain about the impact of the energy squeeze on the global economy," said Susannah Streeter, chief investment strategist at Wealth Club.