Energy rally lifts FTSE 100 to lone gain in Europe as oil approaches 6-month high

What happened: The FTSE 100 rose 0.3% on Friday, the only major European benchmark in positive territory, as surging crude oil prices lifted energy producers and offset a global technology selloff. Key numbers: FTSE 100 up 0.3%, on track for a 1.4% October gain. Why it matters: London's heavy weighting toward commodity producers, healthcare, and banks, with minimal technology exposure, insulated the index as investors weighed data-center cash burn at Alphabet, Amazon, and Intel. Sustained triple-digit oil prices threaten to delay further monetary easing by the Bank of England and peers.

The FTSE 100 rose 0.3% on Friday, the only major European benchmark in positive territory, as surging crude oil prices lifted energy producers and offset a global technology selloff.

London's heavy weighting toward commodity producers, healthcare, and banks, with minimal technology exposure, insulated the index as investors weighed data-center cash burn at Alphabet, Amazon, and Intel. Sustained triple-digit oil prices threaten to delay further monetary easing by the Bank of England and peers.