FTSE 250 movers: Cairn Energy, Weir Group pace gains

Weir Group and Cairn Energy were among the top performers on the second-tier index on Tuesday as front month Brent crude oil climbed to its highest level in three weeks and West Texas Intermediate crude oil futures extended their recent rally with a 20% jump.

Capricorn Energy

299.50p

16:40 27/12/24

-1.80%

-5.50p

FTSE 250

20,488.65

16:29 27/12/24

n/a

FTSE 350

4,495.62

16:29 27/12/24

n/a

FTSE All-Share

4,453.14

17:05 27/12/24

n/a

Industrial Engineering

12,297.10

16:29 27/12/24

0.00%

12,297.10

Oil & Gas Producers

7,777.65

16:29 27/12/24

0.00%

7,777.65

Weir Group

2,188.00p

16:35 27/12/24

-0.45%

-10.00p

Stoking the rise in oil prices, analysts at Morgan Stanley believed the glut of oil in storage had hit its peak and Chinese demand was showing signs of life, Bloomberg reported.

In another boost for the oil patch, overnight multiple US shale oil producers operating in the Permian basin announced reductions in their output levels.

Market Movers

FTSE 250 (MCX) 16,101.37 0.94%

FTSE 250 - Risers

IP Group (IPO) 56.50p 6.60%
Pets at Home Group (PETS) 251.40p 5.99%
TI Fluid Systems (TIFS) 168.00p 5.93%
Weir Group (WEIR) 946.00p 5.82%
Hyve Group (HYVE) 20.30p 5.73%
Computacenter (CCC) 1,512.00p 5.22%
OneSavings Bank (OSB) 241.80p 5.13%
Serco Group (SRP) 133.00p 4.97%
LondonMetric Property (LMP) 191.70p 4.93%
Bodycote (BOY) 583.00p 4.67%