{"id":128493,"title":"FTSE 100 Powers to Fresh Record Close, Rising 0.7% to 9,578.5 Points","publisher":"Share Talk","author":"sharetalk","published":"2025-10-23T16:40:32+00:00","modified":"2025-10-23T16:50:45+00:00","canonical_url":"https://www.share-talk.com/ftse-100-powers-to-fresh-record-close-rising-0-7-to-9578-5-points/","markdown_url":"https://www.share-talk.com/ftse-100-powers-to-fresh-record-close-rising-0-7-to-9578-5-points.md","json_url":"https://www.share-talk.com/ftse-100-powers-to-fresh-record-close-rising-0-7-to-9578-5-points.json","category":"B2B","categories":["B2B","Blogs","Technology","Technology, Media & Telecoms"],"tags":["china","Chinaoil Hong Kong","chinese","Donald Trump","EU","European Union","India","Liaoyang Petrochemical","Lukoil","MOEX Russia Index","Moscow Times","PetroChina","refineries","Rosneft","Russian crude","sanctions","Shandong Yulong Petrochemical","US President","USA"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/ftse-100-23-OCT-scaled.webp?fit=1200%2C840&quality=80&ssl=1","format":"news","language":"en-GB","content":"**FTSE 100 Closes at Record High as Energy Stocks Surge on New Russia Sanctions**\n\nThe **FTSE 100** ended Thursday’s session at a **record closing high of 9,578.5 points**, after **new US sanctions on Russia** sent **oil prices soaring** and boosted the value of **UK energy companies**. The index briefly hit an **intraday peak of 9,594.82**, taking its **year-to-date gain to more than 17%**.\n\nThe rally was led by **BP**, up **3.7%**, and **Shell**, up **2.9%**, after **US President Donald Trump** announced sanctions targeting **Rosneft** and **Lukoil**, Russia’s two largest oil producers. The move triggered a surge in **crude prices**, with **Brent crude rising 5.2% to $65.76 per barrel** by the afternoon.\n\nAdding to the pressure on Moscow, the **European Union** unveiled a **new package of sanctions** in response to Russia’s war in Ukraine, including a **ban on Russian liquefied natural gas (LNG) imports**.\n\nFurther disruption came as **Reuters reported** that [Chinese state oil majors have suspended seaborne purchases of Russian crude](https://www.share-talk.com/chinese-oil-majors-halt-russian-crude-purchases-following-new-us-sanctions/), following the latest wave of Western restrictions.\n\nThe developments sent[Russian markets tumbling](https://www.share-talk.com/moscow-times-reports-sharp-fall-in-russian-stock-market/), with the **MOEX Russia Index** and **RTS Index** both sharply lower, as investors digested the deepening impact of coordinated US and EU sanctions on Russia’s energy sector.\n\nThe combination of **strong oil prices** and **resilient corporate earnings** helped propel the **FTSE 100** to its latest milestone, reinforcing London’s position among the **best-performing major equity markets** of the year."}