0733 GMT - European oil stocks rise in initial trade in Europe as oil prices tick up. Brent crude is 0.6% higher at $74.66 a barrel. Investors appear to believe that there won't be further supply side shocks for oil, XTB research director Kathleen Brooks writes. However, oil prices could have room to rise if the Middle East conflict escalates, Brooks says. In London, BP trades up 1.4% while Shell rises 1.3%. France's TotalEnergies rises 0.8%, Italy's Eni is up 1.1%, while Spain's Repsol climbs 2%. Portugal's Galp rises 0.6%. (adam.whittaker@wsj.com)
(END) Dow Jones Newswires
June 16, 2025 03:33 ET (07:33 GMT)
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