Brent crude rebounds

Brent crude rebounds

The FTSE was up 0.925pc at 7,017.19 during midday trading, having reached 7,032.42 earlier in the session as all major sectors rose, including financial and resource groups.

BHP was amongst the few big losers on the strong FTSE 100, down 1.81.

Brent crude rebounded to reach $59.83, up 1.75pc, after it plummeted to a low of $58.41 on Friday triggered by a supply glut as supply growth began to outpace demand.

Sterling was trading 0.3pc higher against the dollar at $1.2852 after the European Union sealed a Brexit deal, although gains were limited by doubts over Theresa May’s ability to get the agreement through the UK parliament.

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