MILAN, April 3 (Reuters) – European oil stocks rallied on Monday, leading gainers in the region, as crude prices jumped more than 5% following a surprise announcement by OPEC+ to cut production further.
The STOXX Europe 600 Oil & Gas index .SXEP was up 3.8% by 0705 GMT, set for its biggest one-day gain since November, with shares in oil majors BP BP.L, Shell SHEL.L, TotalEnergies TTEF.PA and Eni ENI.MI rising between 3.8 and 4.2%.
The pan-European STOXX 600 .STOXX was up 0.1%.
(Reporting by Danilo Masoni, editing by Alun John)
((Danilo.Masoni@TR.com; +39-02-66129734; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net; On Twitter https://twitter.com/damasoni))
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