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Oil stocks buoy FTSE 100 amid U.S-Iran standoff

Published 24/06/2019, 08:19
Oil stocks buoy FTSE 100 amid U.S-Iran standoff
UK100
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BP
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SHEL
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FTMC
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NOGN
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(For a live blog on European stocks, type LIVE/ in an Eikon
news window)
* FTSE 100 up 0.1%, FTSE 250 up 0.2%
* Oil majors support main index
* Nostrum gains after launching review of business

June 24 (Reuters) - London's main index edged up on Monday,
boosted by oil stocks as the potential for supply disruptions
due to tensions between the United States and Iran pushed crude
prices higher.
The FTSE 100 .FTSE added 0.1% and the FTSE 250 .FTMC
rose 0.2% by 0707 GMT.
Oil major Shell RDSa.L continued its recent rally and
advanced for the seventh straight session, while BP BP.L was
also a major plus for the blue-chip index. O/R
Small-cap Nostrum Oil & Gas NOGN.L jumped 5% after the
Kazakh-focussed oil firm said it was evaluating options
including a sale of the company.

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