European stock exchanges closed on the rise in oil prices

Major European stock indices rose on Wednesday - DAX (Germany) added 0.23%, FTSE 100 (UK) - 0.39%, CAC 40 (France) - 0.49%. The supporting factor was the increase in oil prices and shares of oil producing companies was a supporting factor. The least intensive was the dynamics of the DAX, which was restrained by The weak economic data - in April, retail sales in Germany declined by 5.5% compared with the previous month. В In annual terms, the figure was markedly lower than expected analysts - 4.4% against the forecasted 10.1%. Oil prices started to rise actively after the OPEC+ meeting, The meeting was held on Tuesday. The alliance decided not to change The meeting resulted in the alliance's decision not to change the parameters of the previous agreement on production limitation. Therefore, the latter will be slightly increased in July. О The decision on further plans of the alliance is yet unknown. OPEC+ is planning to make a decision at its next meeting on July 1. Under the influence of this news the securities of Shell went up by 2.3% and 2.2%, BP rose 2.2%, and Total rose 2.1%.