FTSE 100 Live: Stocks to rise as oil trades around $100 after crude exports increase
Welcome back to City AM‘s FTSE 100 liveblog. The oil market is getting some relief as crude exports recover but the price of a barrel is stubbornly holding over the $100 mark. Brent crude – the international benchmark for oil prices – traded near $100 per barrel on Tuesday morning after declining in the previous session. It [...]
Welcome to our liveblog of the FTSE 100 market. Oil prices are currently facing some relief as crude exports recover, though the price remains stubbornly above $100 per barrel. Brent crude, the international benchmark for oil prices, traded near $100 per barrel on Tuesday morning after falling in the previous session.
JPMorgan has projected that crude shipments have rebounded to 17.5 million barrels a day, which is about 98% of pre-war levels. Product flows such as diesel and gasoline reached 3 million barrels a day, or 58% of pre-war levels.
Stay tuned with us for the latest updates from the London Stock Exchange and the wider business world throughout the day. Here are some of our top headlines for now: Tory MPs are advocating for a £10bn defense shield to ward off missiles; a prominent conservative is urging young people to stay in Britain; TalkTalk's journey from challenging BT to receiving rescue funding by BT; the National Health Service may struggle to replace Palantir before its £330 million deal deadline; and the boss of Monument Bank warns wealthy Britons are in "fear" ahead of the upcoming Budget. The liveblog has concluded for now. There are no updates available at the moment.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
