Lates News

After the European stock market opened, oil stocks rose while oil prices saw a slight increase. Kathleen Brooks, research director at XTB, wrote that investors seem to believe that there will be no further impact on the oil supply side. However, Brooks stated that if the conflict in the Middle East escalates, there is still room for oil prices to rise. In the London stock market, British Petroleum rose 1.4% and Shell rose 1.3%. Total Energy in France rose 0.8%, Eni Group in Italy rose 1.1%, Repsol in Spain rose 2%, and Galp Energy in Portugal rose 0.6%.