Deep interest rate cuts in the United Kingdom gave energy stocks a boost early Friday, although too late to prevent oil-focused Oslo dipping 10 percent by late Thursday to end 30 percent in gains made on a week’s trading.

The day after the Bank of England cut its rates 1.5 percent to 3.5 percent — three times higher than its last rate cut — Oslo, London and Moscow looked buoyant in early trading.

Oslo was led by junior player Interoil E&P, which rocketed 20 percent.

London was up early to 0.6 percent after the day’s first bout of trades.Shell was up nearly three percent by early morning, and engineering outfit Wood Group waas up 5.25 percent. A handfull of energy shares made early strides: Tullow Oil was up 4.2 percent, general contractor AMEC (up 2.65 percent) and Petrofac (up 2.50 percent).

BG Group and Cairn made smallish advances.

Good news also came from oil-company bankroller Bank of Scotland, which was up nearly three percent.

In Moscow, meanwhile, Russian oil stocks were down slightly as lunch approached. Rosneft was down 5.68 percent. The bulk of Russian shares were marching upward as the day advanced.

Tags: AMEC plc, Petrofac, Rosneft, Tullow Oil