European Energy Stocks Gain on Rising Oil Prices -- Market Talk

Dow Jones

05/11

0723 GMT - European energy stocks rise in opening trade as oil prices climb after President Trump said Iran's response to a U.S. authored proposal on ending the conflict was unacceptable. Brent crude rises 3.3% to $104.61 a barrel, while WTI futures gain 3.7% to $98.98 a barrel. Oil prices remain highly sensitive to perceived progress on an agreement to end the war and open the Strait of Hormuz. In London, BP is up 1.3% while Shell rises 0.7%. Italy's Eni is up 1.7% while Spain's Repsol gains 0.45%. Norway's Equinor rises nearly 1.9%. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

May 11, 2026 03:24 ET (07:24 GMT)

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Brent crude rises 3.3% to $104.61 a barrel, while WTI futures gain 3.7% to $98.98 a barrel. Oil prices remain highly sensitive to perceived progress on an agreement to end the war and open the Strait of Hormuz. In London, BP is up 1.3% while Shell rises 0.7%. Italy's Eni is up 1.7% while Spain's Repsol gains 0.45%. Norway's Equinor rises nearly 1.9%. 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