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European Shares Set for Mixed Open; Oil to Help FTSE

European shares are set for a mixed open on Monday, with French and German stocks set to track falls in U.S. and Asian markets, while Britain's commodity-heavy FTSE 100 is set to edge higher as oil prices rise.

Oil rose nearly 1 percent on Monday, as escalating tensions between Israel and Iran stoked supply concerns and traders doubted Saudi Arabia's promise to pump more oil, if needed, would turn back the rally.

Around Europe, Britain's FTSE 100 is seen rising 5 to 16 points, France's CAC-40 is set to fall 2 to 14 points, and Germany's DAX is expected to open 2 to 16 points lower.