Tag: Brent Crude

Brent crude drops below $80

Brent crude drops below $80

The FTSE 100 was steady at 7,054.25, despite losses across the mining sector – led by Antofagasta, down 1.38pc. Brent crude dropped below the $80 mark, down 1.29pc at $79.02 after the fourth week of weekly increase in US crude inventories, suggesting ample supply. Sterling recovered losses to trade flat […]

Miners lead a steady FTSE 100

Miners lead a steady FTSE 100

The FTSE 100 was steady at 7,066.14 following earlier gains as global stock rise following forecast beating US earnings, boosting Asian and European shares. Global mining giants were amongst the few significant gains on the FTSE 100, led by Russian mining company Evraz – up 2.52pc. International benchmark Brent crude […]

Brent crude slides on US production

Brent crude slides on US production

The FTSE 100 was down 0.31pc at 7,007.67 at the end of the morning session as a strengthening pound dragged on international exporters with the biggest losses felt by mining and oil companies, with Anglo American and BP down 2.05pc and 1.50pc respectively. Brent crude slide 0.88pc to $80.07 as […]

Sterling drops on stalled Brexit negotiations

Sterling drops on stalled Brexit negotiations

The FTSE 100 remained steady around six-month lows at 6,993.48 as a deadlock in Brexit negotiations dragged on stocks but supported internationally focused constituents as the pound weakened. Brent crude was up 0.90pc at $81.15, boosted by Saudi Arabia tensions over the disappearance of a prominent journalist, although long-term demand […]

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 […]

FTSE 100 at six-month low

FTSE 100 at six-month low

The FTSE 100 plummeted to its lowest level since April, down 1.65pc at 7,027.79 after a global rout on equity markets led to concerns over fast rising rates and risk aversion. UK energy giant Centrica was amongst the biggest losers on the FTSE 100, down 3.18pc. Brent crude slipped 1.93pc […]

Sterling at 14 week high against the Euro

Sterling at 14 week high against the Euro

The FTSE 100 slightly pared its losses during the morning session at 7,237.20, dipping into the red following disappointing GDP data, which fell widely short of held expectations. Brent crude was steady at $84.98 with losses from reduced IMF growth forecasts balanced by Hurricane Michael moving towards the Florida coast, […]

FTSE 100 at six-month low

FTSE 100 at six-month low

The FTSE 100 fell to a six-month low at 7,209.83 after the IMF warned of “clouds on the horizon” for global economy, cutting growth from 3.9pc to 3.7pc. Despite the drop of the FTSE 100, the mining sector saw strong performances, with Anglo American, Antofagasta and Evraz up 1.66pc, 1.60pc […]