Markets

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

Published June 24, 2019 Updated June 24, 2019 08:10am

The FTSE 100 added 0.1% and the FTSE 250 rose 0.2% by 0707 GMT.

Oil major Shell continued its recent rally and advanced for the seventh straight session, while BP was also a major plus for the blue-chip index.

Small-cap Nostrum Oil & Gas jumped 5% after the Kazakh-focussed oil firm said it was evaluating options including a sale of the company.

Copyright Reuters, 2019