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Mideast unrest lifts oil, hits Israeli shares.
NEW YORK : US-traded shares of foreign companies rose slightly on Monday afternoon as energy stocks followed oil prices higher on concern over turmoil in the Middle East, but losses in Israeli and Japanese stocks kept a cap on gains.
Oil prices jumped above $ 27 for the first time in more than six months as increasing Israeli-Palestinian violence heightened worries it could destabilise Middle East supplies.
Israel tightened its grip on the West Bank and Israeli Prime Minister Ariel Sharon vowed to wage an uncompromising war on terrorism in the wake of a wave of suicide bombings by Palestinian militants.
Israeli stocks traded on US exchanges took a …
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