Oslo Børs opens higher as Brent crude rallies 3.5% to $78.7

Energy stocks lift the Norwegian index at the start of the week, while Kongsberg Gruppen slides more than 5% following quarterly results.

By Handelsavisen Newsroom · Automated 2026-07-13 07:05 UTC · 1 min read Last updated: 2026-07-13 07:06 UTC

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The Oslo Børs main index opened 0.37% higher on Monday morning, buoyed by a sharp rally in global oil prices.

Brent crude spot prices have climbed approximately 3.5% since Friday’s close, reaching $78.7 per barrel in early trading.

OL) fell more than 5% after releasing its quarterly figures.

The energy sector’s strength provided a clear lift to the Norwegian market, offsetting weakness elsewhere.

Despite the broader positive tone, Kongsberg Gruppen (KOG.OL) fell more than 5% after releasing its quarterly figures.

The defense and technology group’s decline highlights the mixed sentiment among large-cap names, even as commodity-linked equities benefit from the oil rebound.

Gjensidige, meanwhile, posted gains, contributing to the index’s modest advance.