Brent crude slipped on demand concerns

Brent crude slipped on demand concerns

The FTSE 100 dropped 0.535pc to 6,825.93 following a renewed strength in the pound and reports of a probe into China’s Huawei – potentially heightening tensions between the US and China.

Brent crude slipped 1.34pc at $60.50 as US crude production closed in on a unprecedented 12 million barrels per day with growing concerns over demand.

Sterling held off two month highs against the dollar at 1.2866 as uncertainty over Theresa May returned just a day after the Prime Minister won a vote of no confidence.

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