Brent crude up during Norway strikes

Brent crude up during Norway strikes

The FTSE 100 broke past the 7,700 mark after it rose 0.228pc at 7,705.49 with GDP growth in line with expectations at 0.2pc.

Brent crude continued to climb, up 1.18pc at $78.99, during midday trading as a result of Norway having to close an oilfield due to strikes and the announcement that Libya’s production had more than halved in recent months.

Sterling rose to $1.3272 following the departure of two Brexiteer ministers from the UK Cabinet yesterday, although investors were cautious of pushing it higher prior to data that could raise hopes of an interest rate hike in August.

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