Tag: Brent Crude

Miners unaffected by a weak FTSE 100

Miners unaffected by a weak FTSE 100

The FTSE 100 was down 0.585pc at 7,731.12 as the pound picked up and proved the only other excitement on the markets during the morning session. Miners were left largely unaffected by the drop in the FTSE 100 with Antofagasta up 2.08pc. Brent crude was steady at $72.27 although confidence […]

Sterling plummets lower

Sterling plummets lower

A weakening pound provided momentum on the FTSE 100, up 0.866pc at 7,785.29, during an otherwise uneventful morning session. Brent crude slipped 0.36pc at $74.38 following weak Chinese import data, but losses were limited by lower US inventories and the introduction of sanctions on Iran. Sterling plummeted below $1.29 against […]

Brent crude up on US sanctions

Brent crude up on US sanctions

The FTSE 100 was up 0.953pc at 7,736.81 after US trade tensions relieve pressure from the increased prospects of a no deal Brexit. Miners were leading the FTSE 100 with giants Anglo American and BHP up 3.35pc and 3.32pc respectively. Brent crude was up 1.52pc at $74.87 as revived US […]

Brent crude up after surprise Saudi data

Brent crude up after surprise Saudi data

The FTSE 100 bounced up 0.204pc at 7,674.73 during midday trading having edged down during the morning session after international trade talks distracted the markets. Mining giants had a poor start to the week on the FTSE 100, with Antofagasta and Rio Tinto down 1.38pc and 1.78pc respectively. Brent crude […]

High risk of no deal Brexit weighs on UK currency

High risk of no deal Brexit weighs on UK currency

The FTSE 100 was up 0.755pc at 7,633.15 during lunchtime trading as the pound slipped following a statement from Bank of England Governor Mark Carney that said the risk of a no Brexit deal was “uncomfortably high”. Brent crude was up 0.14pc at $73.55 but struggled to make any significant […]

Bank of England unanimously vote to raise interest rates

Bank of England unanimously vote to raise interest rates

The FTSE 100 plunged 1.066pc at 7,571.35 after the Bank of England voted unanimously to increase interest rates to 0.75pc. Mining companies were the worst performers on the FTSE 100 with Antofagasta and Rio Tinto down 3.81 and 3.61pc respectively. Brent crude fell for the third day, down 0.58pc at […]

Trump threatens to double China tariffs

Trump threatens to double China tariffs

The FTSE 100 slid 1.136pc at 7,660.77 as mining and materials shares plummeted following a steep drop in metal prices after the Trump administration threatened to more than double proposed tariffs on Chinese goods. BHP and Rio Tinto were the two worst affected miners on the FTSE 100, down 3.13pc […]

BP quadruple second quarter profits

BP quadruple second quarter profits

The FTSE 100 was up 0.556pc at 7,743.68 during lunchtime trading as trader worked through a raft of corporate earnings. Brent crude was steady at $75.06 and looked set to hold steady into 2019 after increased output from OPEC and the US met the growing global demand led by Asia […]