Advertisement
UK markets close in 3 hours 4 minutes
  • FTSE 100

    8,103.38
    +63.00 (+0.78%)
     
  • FTSE 250

    19,741.55
    +22.18 (+0.11%)
     
  • AIM

    755.68
    +0.99 (+0.13%)
     
  • GBP/EUR

    1.1668
    +0.0023 (+0.20%)
     
  • GBP/USD

    1.2505
    +0.0042 (+0.34%)
     
  • Bitcoin GBP

    51,178.71
    -2,122.83 (-3.98%)
     
  • CMC Crypto 200

    1,359.90
    -22.68 (-1.64%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • CRUDE OIL

    83.20
    +0.39 (+0.47%)
     
  • GOLD FUTURES

    2,338.30
    -0.10 (-0.00%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     
  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     
  • DAX

    17,999.74
    -88.96 (-0.49%)
     
  • CAC 40

    8,022.31
    -69.55 (-0.86%)
     

Oil Stocks Jump on Monday: Here's Why

Oil Stocks Jump on Monday: Here's Why

Oil stocks had a great day on Monday with some climbing over 10%. The big news came from OPEC+, which is reportedly considering cutting back oil supply by over 1 million barrels per day in what's being called a "historic cut." Transocean (NYSE: RIG) jumped as much as 8.9%, Kosmos Energy (NYSE: KOS) rose 11.6%, and Tellurian (NYSEMKT: TELL) traded 10.8% higher.