European energy stocks rose in early trading after US President Trump ordered a “complete and complete blockade” of all sanctioned tankers entering and leaving Venezuela. Earlier, oil prices have declined in recent days as traders weigh additional supply risks that may arise after negotiations between Ukraine and Russia to end the war. Trump's order raised the geopolitical premium again for oil. Brent crude rose 1.4% at one point. In the London market, BP rose 1.8% and Shell rose 1.5%. Italy's ENI Group and Spain's Repsol both rose by around 0.8%. France's Total Energy and Portugal's GalpEnergia both rose about 0.6%.

European energy stocks rose in early trading after US President Trump ordered a “complete and complete blockade” of all sanctioned tankers entering and leaving Venezuela. Earlier, oil prices have declined in recent days as traders weigh additional supply risks that may arise after negotiations between Ukraine and Russia to end the war. Trump's order raised the geopolitical premium again for oil. Brent crude rose 1.4% at one point. In the London market, BP rose 1.8% and Shell rose 1.5%. Italy's ENI Group and Spain's Repsol both rose by around 0.8%. France's Total Energy and Portugal's GalpEnergia both rose about 0.6%.