Brent crude climbs 2pc

Brent crude climbs 2pc

The FTSE 100 maintained earlier gains at 7,152.15 having risen during the morning session in line with European indices and following a decent showing overnight in Asia.

International benchmark Brent crude surged 2.11pc to $62.81 as OPEC de facto leader Saudi Arabia said it would reduce oil production to nearly 9.8 million barrels per day.

Sterling fell to three week lows against the dollar at $1.2833 – its weakest since January 21 – as doubts grew over Theresa May’s ability to convince the European Union to accept changes to her divorce bill.

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