Oil rises, stocks mixed as new US strikes dampen peace deal optimism

AI Summary

Oil prices have risen while stock markets showed mixed performance following new US strikes, dampening optimism for a peace deal. A Commonwealth Bank of Australia strategist noted that inventory buffers cannot be sustained indefinitely amid economic uncertainties.

'The market wants to believe that it’s all going to end soon... The world economy’s had these buffers of running down inventories, but you can’t keep running down inventories,' says a Commonwealth Bank of Australia strategist