---
title: "Fears of escalating tensions between Russia and Ukraine drive gains in oil and defense stocks."
publisher: "Share Talk"
author: "sharetalk"
published: "2024-11-21T20:00:01+00:00"
modified: "2024-11-21T20:00:01+00:00"
date: 2024-11-21
canonical: "https://www.share-talk.com/fears-of-escalating-tensions-between-russia-and-ukraine-drive-gains-in-oil-and-defense-stocks/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["Cac 40", "DAX index", "Europe", "Frankfurt", "FTSE 100", "Moscow", "Paris", "Russia", "UK", "USA"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/FTSE-100-15-NOV-23.jpg?fit=1200%2C800&ssl=1"
format: "news"
language: "en-GB"
---

# Fears of escalating tensions between Russia and Ukraine drive gains in oil and defense stocks.

**Published:** November 21, 2024
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** Cac 40, DAX index, Europe, Frankfurt, FTSE 100, Moscow, Paris, Russia, UK, USA
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/FTSE-100-15-NOV-23.jpg?fit=1200%2C800&ssl=1)

---

The FTSE 100 climbed today as investors turned to oil and mining stocks amid heightened fears over escalating tensions in Russia’s invasion of Ukraine.

London’s leading index rose 0.8% to close at 8,149.27. Energy giants Shell and BP benefited from rising oil prices, with their shares gaining 1.8% and 2%, respectively. Defense-focused companies Rolls-Royce and BAE Systems also advanced, driven by increasing concerns over the conflict in Ukraine.

The market reaction followed Russian President Vladimir Putin’s announcement on Thursday that Russia had tested a new intermediate-range missile in an attack on Ukraine. Putin also issued a warning that Moscow could target nations allowing Kyiv to use their missiles against Russia.

These developments came during a week of heightened tensions, as the US and UK eased restrictions on Ukraine’s use of longer-range missiles within Russian territory.

Elsewhere in Europe, Frankfurt’s DAX index rose 0.7%, while Paris’s CAC 40 edged up 0.2%.

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