European equities markets were higher Monday as the energy sector saw gains after oil prices rose in the wake of cold winter weather in both Europe and the United States.
The FTSE 100 added 1.87 percent to 5,293.99 in London, while the FTSE 250 was 1.12 percent higher to 9,099.84.
The energy sector led both the 100 and the 250 as oil explorer Cairn Energy (LSE: CNE) added 4.66 percent on the 100 after it said it will begin drilling off western Greenland, while over on the 250 oil well builder and supplier Hunting (LSE: HTG) turned in the best performance of the session in London as it gained 7.2 percent.
Insurers were also higher as Prudential (LSE: PRU) led the sector as it added 4.52 percent, followed by Aviva (LSE: AV), which was up 4.06 percent while Old Mutual (LSE: OML) gained 3.77 percent.
Miners were led higher by Xstrata (LSE: XTA), which added 3.39 percent, but a few losers in the sector were led by Eurasian Natural Resources (LSE: ENRC) with a decline of 2.18 percent.
The worst performance in London came from Punch Taverns (LSE: PUB), down 3.62 percent, while there were only four decliners on the 100, led by the London Stock Exchange (LSE: LSE), …
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