Written by Reporter – 12/12/2016 1:20 pm
Oil stocks topped the FTSE 100 on Monday after non-Opec producers agreed to curb production to help buoy floundering crude prices.
The UK’s blue chip index was down 0.1% at around 6946.53 points, but Royal Dutch Shell’s ’B’ shares rose 3% and BP jumped 2.4%.
Away from the top tier, Tullow Oil soared 9.6% and Premier Oil surged 9.9%.
Sterling was flat against the dollar at 1.256, but down 0.3% against the euro at 1.187.
Brent crude prices climbed more than 5% to around 57.03 US dollars per barrel (£45.33) in early trading, marking its highest level since July 2015.