Shares in Europe's Oil Majors Rise on New U.S. Sanctions for Russia's Oil Sector -- Market Talk
Dow Jones
Oct 23
0759 GMT - Shares in European oil companies rise in early trade after oil prices were jolted by additional U.S. sanctions on Russia's oil sector. Brent crude rises 3.5% to $64.80 a barrel and WTI is up 3.6% to $60.63 a barrel. The key question is if the sanctions are sufficient to deter China and India from buying Russian oil, ING's head of commodities strategy Warren Patterson writes. London's BP rises 3% while Shell is up 2.2% and Harbour Energy climbs 3.7%. Norway's Equinor is also up 3.7% while France's TotalEnergies rises 2%. Italy's Eni and Spain's Repsol trade up around 2.4%.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
October 23, 2025 03:59 ET (07:59 GMT)
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