FTSE ekes out 0.5% gain at end of tough week
The FTSE 100 eked out a 0.5% gain in the final session of the week after four consecutive days of losses.
Markets
Financial markets gain despite US protests
Financial markets on both sides of the Atlantic started the week in forward gear despite a weekend of violent protests in the world’s largest economy.
Final session fall for FTSE 100, Brent dips
The FTSE-100 ended a topsy-turvy week with a final session fall of 21.97 points, or about 0.5%, to 5,993.28.
Oil majors enjoy modest gains on FTSE
Oil heads towards third weekly gain as major producers cut supply
Oil is heading for a third weekly gain on signs the market is slowly rebalancing as major producers cut supply and consumption recovers after a historic collapse in demand due to the coronavirus.
UK’s top 100 lose nearly 3% of value
The UK’s top 100 listed firms lost nearly 3% of their value today as Covid-19 continued to blow a huge hole in the global economy.
US oil anchored near $25 as market braces for uncertain recovery
WTI was anchored near $25 a barrel as investors weighed cuts to supply by major producers such as Saudi Arabia against lingering concerns over the pace of recovery from virus-led demand destruction.
Oil prices higher as additional output cuts agreed
The FTSE 100 Index edged up towards the 6,000 mark today as traders took heart from UK Government efforts to gradually get the economy back on track.
Oil edges higher on signs of recovery as Saudis pledge deeper cuts
Oil edged higher as signs of a recovery in demand continued to surface following the easing of virus-led lockdowns in some regions, while Saudi Arabia pledged to cut production further.
Oil edges lower after weekly gain as investors mull recovery
Oil edged lower after posting its first back-to-back weekly gain since February as investors weighed nascent signs of a recovery in demand against a huge global glut and the risk of a resurgence in virus cases.
Brent slips back into reverse
Brent crude oil was down about 6.5% at $28.96 per barrel at the London market close despite spending much of today on the advance.
Brent crude rockets nearly 12%
The price of a barrel of Brent crude surged above $30 on Tuesday amid growing hopes that global demand for oil is rising again.
Oil prices start the week positively
The FTSE 100 started the week slightly in negative territory but oil prices were up amid hopes new production cuts can reduce a massive global oversupply.
Brent up nearly 8% ahead of global oil production cuts
Brent crude oil was up by nearly 8% to $26.16 per barrel by the London market close today.
Brent crude and FTSE 100 both on the up
Brent crude oil was up by 7.3% at $24.4 per barrel, as of 6pm.
Oil majors help drive up the FTSE 100
Share price growth for oil majors BP and Shell boosted the FTSE 100 yesterday, with London’s blue-chip index rising 111.1 points, or more than 1.9%, to 5,958.5.
FTSE 100 on the rise but Brent crude starts week in reverse
European markets started the week in positive territory, with all the leading financial indices enjoying gains yesterday.
Oil decline resumes as producers look to balance glut in market
Oil dropped back below $15 a barrel in the US as swelling global crude stockpiles made it more difficult for leading producers to balance the market by curbing output.
Brent ends historic week for oil on the up
Brent crude had edged up just over 1% to $21.55 a barrel by the London market close today, making it three days of gains on the trot in a historic week for oil prices.
Oil steadies following dramatic week
After a dramatic week that saw prices plunge below zero for the first time in history, oil continued to claw back losses as attention turned to output cuts in response to the demand hit from coronavirus lockdowns.
Good day for Brent oil and the FTSE 100
The price of Brent crude has continued to recover today after the oil price rout of earlier this week.
Brent oil and FTSE 100 both enjoy market bounce
Brent oil enjoyed a better day on the markets on Wednesday despite warnings a barrel of the crude may become “cheaper than a latte”.
US oil plunges below zero for first time in unprecedented wipeout
Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s collapse in a key segment of U.S. oil trading.
US oil benchmark plunges towards $4 per barrel
The world’s two leading oil price benchmarks suffered contrasting fortunes today amid ongoing supply and demand fears.
Oil holds close to 18-year low despite new output cuts
Oil was anchored near $20 a barrel after closing at an 18-year low as concerns over virus-led demand destruction outweigh an agreement by the world’s biggest producers to curb supply.