FTSE 100 Live: Shell and BP drag on blue-chips as oil slides

Oil Slides as Iran Sanctions Fail to Stop Selling

US crude proxy fell sharply Tuesday on Iran negotiation hopes and a surprise US inventory build. Petrobras, YPF, Ecopetrol tracked lower on Brent slide. The post Oil Slides as Iran Sanctions Fail to Stop Selling appeared first on The Rio Times.

FTSE 100 Live: Shell and BP drag on blue-chips as oil slides

Welcome back to the City AM FTSE 100 liveblog. The UK’s blue-chip index has slipped on Wednesday morning, dragged down by oil majors BP and Shell in response to a continued slide in oil prices. Brent crude – the international benchmark – fell by more than two per cent on Wednesday to $86 per barrel, extending this week’s losses. On Tuesday night, Pakistan’s army chief said significant progress was being made towards a US-Iran peace deal. Reports…

FTSE 100 flat as oil prices drop

The FTSE 100 was broadly flat on Wednesday with stocks barely reacting to the latest efforts in the Middle East to reopen the Strait of Hormuz. London’s leading index was down 6 points at the time of writing after bouncing around in a 30-point range for most of the session. “Markets have adopted a similar […] The post FTSE 100 flat as oil prices drop appeared first on UK Investor Magazine.

FTSE 100 battles through oil rout as miners rescue London from BP and Shell

The FTSE 100 edged higher on Wednesday as gains in mining shares and lower bond yields helped London absorb a sharp pullback in energy heavyweights following another slide in oil prices.Britain’s blue-chip index was up about 0.3% around 10,886 in later morning trade. The move came as Brent crude fell towards $86 a barrel on renewed hopes that talks between Iran and Oman could eventually improve shipping through the Strait of Hormuz.BP and Shell …

FTSE 100 Closes Higher as Melrose Surges 10% and Oil Falls Below $90

The FTSE 100 closed higher on Tuesday, supported by a sharp fall in oil prices and strong individual stock moves as investors positioned for Nvidia earnings and key US inflationRead More...