India, July 23 -- French stocks drifted lower on Thursday as rising oil prices amid Middle East tensions, and renewed concerns about tech valuations due to increased spending on AI infrastructure rendered the mood cautious. Investors also looked ahead to the European Central Bank's monetary policy announcement.
Brent crude futures climbed to $98.75 a barrel before easing slightly to around $98.30 a barrel, still up as much as 4.5% from previous close.
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