NEW YORK (Reuters) - Oil prices jumped and government debt prices edged up on Tuesday as concern about global tensions rose after Turkey shot down a Russian warplane near the Syrian border.

An offshore oil platform is seen in Huntington Beach, California September 28, 2014. REUTERS/Lucy Nicholson

U.S. stocks erased early declines, ending slightly higher as energy shares rose with oil prices.

The dollar fell against the traditionally safe-haven Japanese yen, helping to push gold up.

Travel stocks fell after the U.S. State Department late on Monday warned U.S. citizens of the risk to worldwide travel posed by what it called increased terrorist threats. United Continental UAL.N, American Airlines AAL.O and Delta Air Lines DAL.N each fell at least 2 percent.

Investors have been on edge about the risk of more terror incidents following the Nov. 13 attacks in Paris that left at least 130 dead.

The warplane incident was the first time a NATO member’s armed forces shot down a Russian or Soviet military aircraft since the 1950s. Russia said its plane was downed over Syria.

Oil prices hit two-week highs, with Brent futures LCOc1 rising 2.9 percent to settle at $46.12 a barrel and U.S. crude CLc1 gaining 2.7 percent to settle at $42.87.

Energy shares contributed the biggest lift to U.S. stocks. The S&P energy index .SPNY ended up 2.2 percent.

“You came in this morning and everybody was talking about this potential escalation of violence between Turkey and Russia,” said Andrew Frankel, co-president of Stuart Frankel & Co in New York. But, “Russia’s response could have been a lot more confrontational.”

The Dow Jones industrial average .DJI rose 19.51 points, or 0.11 percent, to 17,812.19, the S&P 500 .SPX gained 2.55 points, or 0.12 percent, to 2,089.14 and the Nasdaq Composite .IXIC added 0.33 points, or 0.01 percent, to 5,102.81.

The MSCI index of global stock markets .MIWD00000PUS was down 0.1 percent, well off the day's lows, while a broad gauge of European stocks .FTEU3 dropped 1.3 percent.

Turkish shares .XU100 fell as well, while the prospect of escalating tension between NATO and Russia gave an additional push lower to German yields.

In U.S. Treasuries trading, benchmark 10-year Treasuries notes US10YT=RR were up 3/32 in price to yield 2.239 percent, down 1 basis point from late on Monday.

Upbeat U.S. gross domestic product numbers, which supported the view the U.S. Federal Reserve could raise interest rates next month, limited the bond market’s gains.

DOLLAR FALLS

The dollar index .DXY, which measures the dollar against six major world currencies, fell 0.2 percent. Against the Japanese yen JPY=, the currency fell to 122.56 yen, off 0.2 percent.

Scott Smith, senior market analyst at Cambridge Global Payments in Toronto, said he expects heightened volatility and choppy trading this week, which will be shortened by the U.S. Thanksgiving holiday on Thursday.

Gold rose, recovering from near six-year lows after news of the plane's downing. Spot gold XAU= rose as much as 1.1 percent to $1,080.51 and was last up 0.5 percent at $1,074.61 an ounce.