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Energy rally lifts FTSE 100 to lone gain in Europe as oil approaches 6-month high

The FTSE 100 gained 0.3% on Friday, the only major European benchmark in positive territory, while the STOXX 600 fell 0.4% as technology stocks sold off. Crude rose as the prospect of renewed U.S. military strikes on Iran undermined hopes for a diplomatic breakthrough: December Brent futures climbed 2.3% to $117.17 a barrel, and WTI gained 1.8% to $103.80. Shell rose nearly 1% and BP gained 1.3% after reporting third-quarter underlying replacement cost profit of $8.46 billion, above the $7.33 billion consensus forecast. Meanwhile, ASML and STMicroelectronics weighed on regional markets over concerns about weaker device demand and debt-financed AI infrastructure spending.

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oil pricesIrangeopoliticsFTSE 100

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Related tickers and likely impact

PVD

▲ Likely positive

PetroVietNam

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorOil & Gas
IndustryOil Equipment & Services
Market cap17,024 bn VND
P/E15.3
P/B0.98
Close on 10/30/202617.95
Change that session-2.18%
PVD price, forecasts and signals →

PLX

▼ Likely negative

Petrolimex

Relevance: low

MarketVietnam stocks
ExchangeHOSE
SectorOil & Gas
IndustryIntegrated Oil & Gas
Market cap43,200 bn VND
P/E13.4
P/B1.78
Close on 10/30/202634.00
Change that session0.00%
PLX price, forecasts and signals →

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