Brent crude set for weekly losses

Brent crude set for weekly losses

The FTSE 100 held steady at 7,098.84 as investors could not decide whether to focus on trade talks between the US and China or developments in Brexit.

Brent crude was headed for weekly losses, despite a 0.32pc increase to $61.83 ahead of midday trading, as concerns over global economic growth weighed on oil prices.

Sterling dropped 0.2pc to $1.935, set for its biggest weekly loss since October, after a stalemate over Brexit weighed on the currency.

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