Oil Prices Gain, Global Shares Rise Amid Easing Oil Prices

Global shares were mostly higher on Tuesday following a rally on Wall Street that was helped by easing oil prices. Regional investors were still weighing the impact from last week's joint U.S.-Japan currency intervention, analysts said.

The FTSE 100 edged up nearly 0.4% to 10,897.75 and France's CAC 40 added 0.3% in early trading to 8,643.50, while the German DAX surged 0.9% to 26,232.04.

The U.S. dollar rose to 157.80 Japanese yen from 157.18 yen and the euro cost $1.1513, inching down from $1.1514. Some analysts said the effectiveness of such an intervention remains uncertain as it doesn't address the fundamental economic reasons behind the currency fluctuations.

Benchmark U.S. crude gained 15 cents to $80.49 a barrel and Brent crude, the international standard, jumped 98 cents to $84.75 a barrel.