Oil stocks rise in Europe after EU agrees partial Russia oil ban

Orron Energy AB

31/05/2022 09:04

** European oil stocks rise on Tuesday as oil prices spike
after the European Union agreed to ban most imports of Russian
oil  urn:newsml:reuters.com:*:nL1N2XM09L
    ** The European oil & gas index  .SXEP  edges up around
1.2%, hitting October 2018 highs - the only STOXX 600  .STOXX 
sub-index in the black
    ** Oil prices extended gains after the EU agreed to slash
oil imports from Russia  urn:newsml:reuters.com:*:nL1N2XN00T
    ** Brent crude  .LCOc1  for July rose 1.8% to $123.86 a
barrel at 0650 GMT
    ** Equinor  EQNR.OL , up 3.6%, is the biggest gainer on the
index, followed by Repsol  REP.MC , Galp Energia  GALP.LS , Aker
BP  AKRBP.OL  and Lundin Energy  LUNE.ST , which all rise around
2-3%
    ** OMV  OMVV.VI , Shell  SHEL.L , BP  BP.L  rise 1-2%

 (Reporting by Anna Pruchnicka)