0714 GMT - European energy stocks trade higher in opening trade as oil prices climb. U.S.-Iran peace talks remain deadlocked and market watchers are increasingly fearful the energy shock triggered by the conflict could worsen as oil reserves deplete. Brent futures rise 1.7% to $111.14 a barrel, while WTI trades 2.1% up at $103.12 a barrel. In London, BP rises nearly 2% and Shell 1.1%. Spain's Repsol is up 2.5% and Italy's Eni rises 1.8%. France's TotalEnergies is up 1.4%. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
May 18, 2026 03:15 ET (07:15 GMT)
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