BP and Shell each gain 4% as energy stocks in Europe rally
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Energy stocks rallied in early trade in Europe after the surprise cut in production announced by OPEC countries over the weekend. Of Stoxx Europe 600 components, Harbour Energy rose 8%, Aker BP added 7% and Galp Energies gained 6%, and of the majors, TotalEnergies , BP and Shell each rose 4%. Most of the European stock market indexes were higher, with the FTSE 100 rising 0.6%.
-Steve Goldstein
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04-03-23 0344ET
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