Stocks rise ahead of US-China summit

Stock markets drifted higher Wednesday as investors awaited a high-stakes summit between the United States and China, while oil prices diverged as Middle East peace talks stalled.Oil prices surged earlier this week on signs that no breakthrough was in sight to resume crucial Gulf tanker and cargo traffic through the Strait of Hormuz, paralysed by the Middle East war.The International Energy Agency warned that countries were tapping into oil inventories and strategic reserves at a "record pace",...