European shares get energy boost, Capita slumps



European shares climbed higher in early trading on Thursday, with energy shares rallying after oil prices surged overnight after OPEC struck a deal to limit crude output.
The Organization of the Petroleum Exporting Countries reached an agreement in Algiers to cut production to a range of 32.5-33.0 million barrels per day.
The European oil and gas index soared more than 4 percent and was poised for its best day in three months. Tullow Oil jumped more than 10 percent while heavyweights Royal Dutch Shell, Total and BP were up between 4-5 percent.
The pan-European STOXX 600 index was up 0.9... read more

 
29 September 2016 in World News, Views: 32
Source: Reuters
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