London stocks were higher in choppy trade on Tuesday, shaking off opening losses even as surging oil and gas prices stoked inflation fears.
At 0900 GMT, the FTSE 100 was up 0.2% at 6,970.35, with oil and gas prices sharply higher after Russia threatened to halt gas supplies to the West through the Nord Stream 1 pipeline.
Investors were also mulling a report suggesting that the EU is considering a joint bond sale to fund energy and defence.
Neil Wilson, chief market analyst at Markets.com, described the moves in commodity markets as “crazy”.
Jarvis Investment Management Ltd offers a wide range of stockbroking and administration services and solutions. Their parent company, Jarvis Securities plc (LON:JIM) is listed on AIM.