finance
Oil spike lifts European energy stocks with Spanish firms among top winners
A surge in oil prices after the Iran-related blockade of the Strait of Hormuz has driven strong sector gains in Europe, with Equinor and Var Energi leading and Spanish companies Repsol and Enagás among the main beneficiaries.
Mar 31st 2026 · Spain
Insights
- Rising crude after the war and an Iranian blockade of the Strait of Hormuz pushed European energy stocks to double-digit monthly gains while broader European markets fell about 7% this month.
- Seven of the 10 largest monthly risers in Europe were oil companies or oil service firms.
- Equinor and Var Energi each rose more than 30% and Repsol gained roughly 20%.
- Morgan Stanley upgraded Repsol and BP to buy, citing fast pass-through of higher prices and Repsol's limited imports from the Persian Gulf.
- Enagás jumped after a CNMC draft proposed higher gas transport remuneration and analysts raised forecasts and recommendations.
Sources
- Dónde invertir en bolsa hoy: valores para aprovechar una reacción alcista www.elespanol.com
- Valores destacados al cierre del mercado norteamericano www.bolsamania.com
- La escalada del crudo impulsa a las energéticas en Bolsa cincodias.elpais.com