Tag: Brent Crude

Centrica drags on FTSE 100

Centrica drags on FTSE 100

The FTSE 100 dropped 0.597pc to 7,185.48 on downbeat reports from Centrica, which dropped 11.70pc, after warning the national energy price cap would affect its 2019 results. Brent crude was steady at $67.08, boosted by OPEC-led cuts and US sanctions on Venezuela and Iran, although was limited by a slowdown […]

Oil down on US forecasts

Oil down on US forecasts

The FTSE 100 edged 0.135pc higher at 7,188.84 with mining giant Antofagasta posting a 1.71pc gain on a mixed day for miners. Brent crude was down 0.71pc at $65.98 as oil prices dipped on forecasts of record US shale output, although OPEC remained determined to restrict its production. Sterling fell […]

Brent crude hovers below 2019 highs

Brent crude hovers below 2019 highs

The FTSE 100 was down 0.486pc at 7,184.38 despite employment levels in the UK reaching record highs. Anglo American was amongst the big risers on the UK index, up 1.37pc. Brent crude edged 0.17pc lower ahead of midday trading as slowing economic growth weighed on OPEC-led supply cuts. Sterling held […]

Sterling up after three weeks of losses

Sterling up after three weeks of losses

The FTSE 100 made a subdued start to the week, down 0.175pc at 7,224.02, while the FTSE 250 was up 0.4pc higher at 19,072. Brent crude edged 0.18pc lower at $66.13 but remained set to achieve its biggest first-quarter rise in eight years due to mounting belief that OPEC’s supply […]

Brent crude hits 2019 high

Brent crude hits 2019 high

The FTSE 100 held firm, up 0.425pc at 7,227.68, ahead of midday trading with Anglo American up 1.11pc. Brent crude climbed 0.59pc to $64.95 after briefly hitting a 2019 high at $65 as OPEC-led cuts and the recently announced higher-than-expected cuts from Saudi Arabia encouraged investors. Sterling edged 0.2pc higher […]

Sterling falls to four week low

Sterling falls to four week low

The FTSE 100 held onto gains, up 0.333pc at 7,214.78, despite losses from the heavily weighted oil majors with BP and Royal Dutch Shell down 1.14pc and 0.92pc respectively. Brent crude rose for a third day, up 1.62pc to $64.64 as markets drew from investor optimism that the US and […]

Brent crude strengthened by Saudi cuts

Brent crude strengthened by Saudi cuts

The FTSE 100 rose into positive territory during the morning session, up 0.323pc at 7,152.15, which comes after data showed inflation dropped below the Bank of England’s 2% target. Brent crude strengthened gains, climbing 1.51pc to $63.36, after top exporter Saudi Arabia said it would reduce crude exports to deliver […]

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 […]