European energy stocks rise due to the increase in oil prices.

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Golden Ten Data on June 23, as oil prices climbed, European energy stocks rose in early trading. Brent crude rose 1% to $78.02 a barrel and could rise further. Market watchers are waiting to see how Iran responds to the United States. Over the weekend, the United States launched a series of attacks on Iran. IG Morning Call analysts wrote that the closure or disruption of the Strait of Hormuz could push oil prices soaring to $100-110 per barrel. In London, BP rose 1.5%, Shell rose 0.8% and Harbour Energy rose 3%. France’s Total rose 0.6%, Spain’s Repsol rose 1.1% and Italy’s Eni was flat.

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