0827 GMT - European oil stocks trade higher as oil prices rise. Brent cruse has surged more than 3% over the past 5 days and has been partially fueled by hopes of a positive outcome in trade talks between the U.S. and China, XTB research director Kathleen Brooks writes. Meanwhile, OPEC has lifted its production targets, but actual output hasn't significantly increased, Brooks says. In mid-morning trade, Brent crude hovers just above $67 a barrel. London-listed Shell trades up 2%, while BP rises 1.7%. France's TotalEnergies climbs 1.4%, while Repsol and Eni both trade around 1.3% higher. Galp Energia is up 1%. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
June 10, 2025 04:28 ET (08:28 GMT)
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