European oil stocks gain as U.S.-Iran exchange attacks, crude rallies

Var Energi ASA

02/09/2026 08:18

** European oil companies rise after the U.S. and Iran exchanged strikes for the first time since July, pushing oil prices to a five-week high
** A basket of European energy stocks .SXEP is up 0.83%, among the best performers on the wider STOXX 600 .STOXX index
** Oil prices jump after the recent developments, with Brent futures LCOc1 rising 1% to $85.57 a barrel by 07:05 GMT and U.S. West Texas Intermediate crude CLc1 soaring 0.6% to $90.75 a barrel
** Among single stocks, Maurel & Prom MAUP.PA, Vaar Energi VAR.OL and Equinor EQNR.OL are up 1.7%, 1.9% and 2%, respectively
** Repsol REP.MC, Galp Energia GALP.LS, TotalEnergies TTEF.PA rise around 0.6%
** Shell SHEL.L and BP BP.L are up around 0.5%

(Reporting by Ozan Ergenay)
((ozan.ergenay@thomsonreuters.com))