European oil and gas stocks hit record high, surpassing 2007 level

LONDON, Feb 23 (Reuters) - The European oil and gas stocks index hit a record high on Monday, surpassing a previous record hit in 2007, helped in recent weeks by a rise in the price of oil.

At 1450 in London the basket .SXEP was up 1.5%. Oil and gas names have added 17% year-to-date versus a 6.5% rise for the pan-European STOXX 600 index.

Brent LCOc1 rose as high as $72.44 a barrel on Monday a six month high. It has risen nearly 19% so far in 2026 as investors worry about U.S. military action in Iran. O/R