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))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
India must reassess its approach to technology, exports, and value creation if it aspires to…
Natco Pharma Q3 Results: NATCO Pharma Ltd reported a sharp decline of 37.75 percent in…
Target: ₹1,970CMP: ₹1,498.75VA Tech Wabag has secured new orders totalling over ₹2,781 crore this quarter,…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories…
U.S. consumer prices increased more than expected in January, reinforcing the Federal Reserve's message that…
Stock Market News Today Live Updates: In an ever-evolving financial world, staying informed about stock…