European stock markets mid session: stocks traded higher on a rise in oil prices

Stock indices traded higher as oil prices rose. Oil prices increased on falling oil production in the U.S. and on supply disruptions in Nigeria and Venezuela.

Market participants also eyed the economic data from the Eurozone. The European Central Bank (ECB) released its current account on Friday. Eurozone's current account surplus climbed to a seasonally adjusted €27.3 billion in March from €19.2 billion in February. February's figure was revised up from a surplus of €19.0 billion.

The surplus on goods rose to €31.0 billion in March from €24.2 billion in February.

The surplus on services remained unchanged at €6.9 billion in March.

The primary income surplus increased to €2.3 billion in March from €1.9 billion in February, while the secondary income deficit was down to €12.9 billion from €13.9 billion.

Eurozone's unadjusted current account surplus climbed to €32.3 billion in March from €11.2 billion in February. February's figure was revised up from a surplus of €11.1 billion.

Destatis released its producer price index (PPI) for Germany on Friday. German PPI producer prices rose 0.1% in April, missing expectations for a 0.2% rise, after a flat reading in March.

On a yearly basis, German PPI dropped 3.1% in April, missing expectations for a 3.0% decrease, after a 3.1% fall in March.

Current figures:

Name Price Change Change %

FTSE 100 6,135.11 +81.76 +1.35 %

DAX 9,872.17 +76.28 +0.78 %

CAC 40 4,322.33 +39.79 +0.93 %