SPTSX closes up 0.43 on jump in crude price
Tourmaline Oil to buy Crew Energy for C1.3 bln
US data on inflation and retail sales this week

Reuters Canada39;s benchmark index inched up on Monday as calm returned after a week of turmoil, but rising tensions in the Middle East and upcoming data from the U.S. this week kept investors on edge.

The SPTSX composite index closed up 95.01 points at 22,406.31, rising 0.43. The increase was further aided by two major local acquisitions.

Oil prices surged on Monday to 80.06 a barrel on fears that rising tensions in the Middle East could lead to a broader conflict and choke crude oil supplies globally.

This fueled the energy stocks index which rose roughly 3, and was further boosted by Canada39;s biggest gas driller Tourmaline Oil Corp39;s C1.3 billion 945.87 million offer to buy smaller rival Crew Energy.

The energy index accounts for close to 18 of the total weight of the SPTSX composite index.

The Canadian market obviously welcomes uncertainty in the Middle East for the oil stocks, said Barry Schwartz, chief investment officer at Baskin wealth Management.

Of course, the world doesn39;t want to see any of that, he added, highlighting why investors were on the edge.

Canada39;s materials sector also logged gains, pulled up by a 63 spike in Osisko Mining, which jumped to the top of the TSX after South Africabased Gold Fields Ltd agreed to acquire the Canadian miner for C2.16 billion 1.57 billion.

Barrick Gold shares rose…