The price of Brent crude oil surged 2.3% to $64.10 per barrel after the oil cartel OPEC chose to extend production cuts until the end of next year.
This helped shares in BP (BP.) and Royal Dutch Shell (RDSB) rise by 0.6% and 0.2%, respectively.
These gains were not enough to help the FTSE 100, which closed 0.3% lower at 7,300.
UK manufacturing climbed to its highest level in over four years, according to IHS Markit.
