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Europe Markets: European equities rally, boosted by gains for oil stocks

European equities closed at a more-than-three-month high Wednesday, helped by a rally for energy stocks as oil prices gained.

Crude advanced in the wake of U.S. President Donald Trump’s much anticipated decision to withdraw from the Iran nuclear deal and reimpose sanctions on the oil-producing nation — a move that could reduce global crude supplies.

How did markets perform?

The Stoxx Europe 600 index SXXP, +0.63% gained 0.6% to end at 392.43, led by oil and gas shares. That’s the benchmark fourth straight win and its highest close since Feb. 1, according to FactSet data.

The U.K.’s FTSE 100 UKX, +1.28%tacked on 1.3% to close at 7,662.52, the best close since Jan.

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