Kickback of oil stocks in the wake of the new violent upward movement in oil prices. In Piazza Affari, Tenaris leads with + 3.65%, followed by Saipem with approximately + 3% and ENI with + 2.3% in the 11.75 euro area, on the highest levels since February 2020.
In the last few minutes, the energy sector has been driven by a surge in oil prices (+ 2.6% for the WTI to $ 77.8) to the highest levels since 2014.
Movement following the OPEC + decision to confirm the 400,000 barrels per day increase in production scheduled for November. As reported by Bloomberg News, prior to the meeting it was assumed that the group of major crude oil producers could opt for a greater increase in supply in November, but no proposal was made to this effect.