Oil stocks rise on Middle East tensions
Fed, BoE policy decision out this week
Ryanair dips after trimming profit forecast
FTSE 100 up 0.2, FTSE 250 off 0.6

Jan 29 Reuters The UK39;s bluechip share index hit a near threeweek high on Monday, as energy stocks rose on escalating tensions in the Middle East while a level of caution persisted ahead of major central bank decisions and earnings later this week.

The FTSE 100 edged 0.2 higher to touch its highest level since Jan. 11, as shares of oil majors BP and Shell rose nearly 2.

Crude prices , eased after surging earlier following a drone attack on U.S. forces in Jordan added to worries over supply disruption in the Middle East as Houthi rebels stepped up their attacks on vessels in the Red Sea.

The UK39;s domestically oriented FTSE 250 dipped 0.6.

Both the FTSE indexes notched their first weekly gain of the year on Friday, aided by upbeat earnings reports as well as hopes of more stimulus for China39;s economy.

Investors are awaiting rate decisions from the U.S. Federal Reserve and the Bank of England BoE later this week. While policymakers are widely expected to hold interest rates, traders will closely watch for any commentary on the potential for rate cuts.

The British public39;s expectations of a drop in inflation for the 12 months ahead fell to 3.9 in November and 3.5 in December from 4.2 in October, as per a survey that will help the BoE decide whether to signal a move towards rate cuts.

Ryanair slipped…