Brent Crude recovers losses

Brent Crude recovers losses

The FTSE 100 rose 0.735pc to 7,058.44 during the early afternoon as US stock futures showed signs of a jump on Wall Street when it opens.

Mining giants Anglo American and Antofagasta were amongst the top performers on the FTSE 100, up 4.33pc and 3.57pc respectively.

Brent crude climbed 0.85pc higher to $80.94, after dipping below the $80 mark on Thursday, supported by a rally in equities. Although forecasts of adequate supply and weakening demand limited gains.

Sterling slipped to $1.3207 against the dollar but remained on track for a second consecutive week of gains as optimism grows around a Brexit deal at next week’s European Union summit.

Leave a Comment

Your email address will not be published. Required fields are marked *