0721 GMT - European oil stocks rise in opening trade as crude prices rebound from Friday's sharp decline. In early European trading, Brent crude for June delivery rises 5.5% to $95.34 a barrel, while WTI futures for May gain 6.1% to $89 a barrel. There have been two days of confusion as to whether the Strait of Hormuz is actually open to shipping traffic. Prices tumbled late last week after Iran said the waterway was open but the U.S later seized an Iranian-flagged ship in the Gulf of Oman. In London, Shell is up 2.3% while BP rises 2.5%. France's TotalEnergies is up 2.2%. Spain's Repsol and Italy's Eni are both up around 2.5%. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

April 20, 2026 03:22 ET (07:22 GMT)

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