Oslo Børs opens higher as Brent crude stabilizes near $85

The Oslo Børs main index opened higher on Tuesday, extending the positive momentum from the previous session.

The benchmark Hovedindeksen closed up 0.69% on Tuesday, and early trading on Wednesday saw the index continue its upward trajectory.

5% to $78.7 per barrel on Monday, buoying energy sector valuations across the exchange.

The rally is being driven by stability in global energy markets, which have remained a key support for Norwegian equities.

Brent crude spot prices were trading at approximately $85.2 per barrel ahead of the market open, largely unchanged since the close on Tuesday.

This stability follows a sharp weekend rally that saw Brent climb roughly 3.5% to $78.7 per barrel on Monday, buoying energy sector valuations across the exchange.

The sustained price level provides a floor for energy stocks, which remain a significant weight in the index.