INTERNATIONAL MARKETS

London : In international market the Black Gold hits two-and-a- half year peak as Brent Futures were up half a percent to $62.49.

Oil Jumped to its highest in over two years on Monday as Saudi Arabia's crown prince cemented his power through-

A crackdown on corruption, while world shares eased a notch and major currencies traded in tight ranges.

Oil prices reached their highest since July 2015 as Mohammad bin Salman's purge led to arrest of royals, ministers and investors including prominent billionaire Alwaleed bin Talal.

The news stirred concerns of Middle Eastern money pulling out of global financial markets. 

A weekend call by China's central bank governor for tougher financial regulations also hit investor sentiment.

Brent Futures were up over half a percent at $62.49 a barrel, US crude added half a percent to $55.91

Shares in French Hotel Group Accor fell as much as 1.7 percent at the open, the biggest of the CAC 40 fallers, after its third biggest shareholder Prince AI Waleed bin Talal was arrested in the Saudi Arabian crackdown.

Prince Al Waleed  -a nephew of the King and owner of the investment firm Kingdom Holding, invests in firms such as Citigroup and Twitter.