Oil stocks help FTSE 100 outperform in early trading

As noted in an update here yesterday afternoon, the FTSE 100 was very much the outlier in terms of the major global stock markets. That persisted all the way to the close, where the FTSE was the only European index not to close in the red yesterday. The FTSE 100 closed 39 points higher, at 8,276.65. It has reopened effectively above 8,300 this morning and once again it is the oil sector stocks that are leading the component gains within the index. The oil price is a little higher just now too and if the current dynamic remains unchanged, then it would be logical to expect the FTSE to outperform again today. That said we do have the OPEC+ meeting scheduled for 12pm GMT today, but can you imagine those people will do anything to push the oil price lower? We shall see. The FTSE 100 is just now trading at 8,301