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FTSE 100 Gains As Energy Stocks Surge

2024-06-07MyfxbookMyfxbook
U.K. stocks advanced on Thursday as climbing crude prices lifted energy stocks. BP Plc jumped 2.2 percent and Shell added 1.7 percent as oil prices rose for the third day on mounting supply tightness concerns.
FTSE 100 Gains As Energy Stocks Surge

(RTTNews) - U.K. stocks advanced on Thursday as climbing crude prices lifted energy stocks. BP Plc jumped 2.2 percent and Shell added 1.7 percent as oil prices rose for the third day on mounting supply tightness concerns.

The benchmark FTSE 100 was up 50 points, or 0.7 percent, at 7,522.

Miner Rio Tinto rose 0.7 percent after raising its offer to take direct control of the huge Oyu Tolgoi copper mine in Mongolia.

AstraZeneca gained 1.6 percent. The Anglo-Swedish pharmaceutical company said that its Lynparza treatment has been approved in Japan for the treatment of early breast cancer after positive Phase 3 results.

Hunting Plc, an international energy services group, jumped nearly 18 percent after narrowing its interim loss.

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