Ibex 35 rebounds after hour-long glitch as oil prices hover near $120

On Friday the Spanish Ibex 35 index rose 0.53% to 19,776.5 points, closing near the 19,800 level. The rise came as Brent crude was priced around $71.9 per barrel and WTI near $68.6, while European markets showed mixed performance.

Earlier in the week, a technical failure caused the index screen to display a spurious drop of more than 5% for about an hour. The false plunge did not reflect actual trading and was corrected once the glitch was fixed, though it added anxiety for investors already watching European Central Bank policy and oil price volatility, with oil briefly reaching about $121 per barrel.