FTSE 100 Live: Index Edges Higher Near 10,630 as Oil Rebound Lifts Energy Stocks
Crude prices are now hovering near $97 per barrel and are still 40% above pre-conflict levels. This scenario provides support to oil-linked stocks as BP climbed 2.47% to £576.60.
Among others, DCC advanced 1.91% to £5,075 while Glencore rose 1.83% to £573.10 as commodity sentiment stabilized. United Utilities Group rose 1.39% to £1,384, SSE gained 1.29% to £2,741 and Severn Trent advanced 1.28% to £3,233.