Oil pumpjacks are seen near Aneth, Utah, U.S., October 29, 2017. REUTERS/Andrew Cullen/File Photo
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Oil surged Thursday close to 3.5-year peaks on simmering Mideast tensions and keen U.S. demand, while London stocks rose with drugmaker Shire boosted by a reported takeover move.Tensions in the oil-rich Middle East also kept prices elevated.In early morning deals, oil surged to summits last seen in November 2014 before paring gains.European equity markets meanwhile diverged amid lingering fears over Syria and a possible China-U.S. trade war, but London rose 0.2 percent despite news of sliding March retail sales.Shire, which is based in Ireland and listed on the London stock market, saw its share price rocket 6.19 percent to 3,986.5 pence.However, in its quarterly report on the U.S. economy, the Federal Reserve warned there were concerns about the trade tensions among businesses and farmers, who had seen prices rise already.Euro/dollar: DOWN at $1.2368 from $1.2374 at 2100 GMT
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