European Energy Stocks Rise as Cease-Fire Fragility Lifts Oil Price -- Market Talk

Dow Jones04-09 15:42

0742 GMT - European energy stocks rise in opening trade, recouping some of the prior session's losses, as oil climbs back toward the $100-a-barrel level. The price rise follows fresh strikes on Lebanon by Israel and reports of low traffic levels through the Strait of Hormuz. Leading the gains are BP, Galp Energia and Repsol--up 1.7%, 1.6% and 1%, respectively. Shell and Eni shares are up 0.6% and 0.8%, respectively. Brent crude for June delivery is up 2.2% to $96.86 a barrel, while WTI futures for May gain 3.3% to $97.51 a barrel. (ian.walker@wsj.com)

(END) Dow Jones Newswires

April 09, 2026 03:42 ET (07:42 GMT)

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