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Oil and gas shares have a 14% weighting on the FTSE 100

Oil and gas shares have a 14% weighting on the FTSE 100 picture-12727-310x165

The FTSE 100 index UKX, +0.26% ended up 0.3% at 7,454.37, according to FactSet, surpassing its previous record close notched on Friday. Oil and gas shares have a 14% weighting on the FTSE 100, according to FactSet. The shares of the oil producers rose along with Brent and U.S. crude …

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BP shares rose 1.7 per cent after the oil major’s profit

BP shares rose 1.7 per cent after the oil majors profit picture-12710-310x165

Strong earnings have helped push shares higher across the globe this year. Investors were looking ahead to earnings from Apple , whose shares – along with those of other major tech companies – hit record highs on Monday. BP shares rose 1.7 per cent after the oil major’s first-quarter profit …

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Traders work in front of the German share price index

Traders work in front of the German share price index picture-12637-310x165

Pawel Kopczynski LONDON A raft of well-received updates and a recovery in resources stocks helped European shares rebound early on Tuesday from the previous session’s slight losses, although shares in Micro Focus dropped. Traders work in front of the German share price index, DAX board, at the stock exchange in …

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Brent crude oil futures plunged 2.41 dollar or 4.75 percent

Brent crude oil futures plunged 2.41 dollar or 4.75 percent picture-12621-310x165

Brent crude oil futures plunged 2.41 dollar or 4.75 percent to close at USD 48.38 a barrel at NYMEX. June WTI crude rose 70 cents, or 1.5%, to settle $46.22 a barrel on the New York Mercantile Exchange. Rosneft PJSC, Russia’s largest oil producer, said first-quarter profit climbed 8.3 percent …

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Oil prices rebounded from five-month lows on Friday

oil price

Oil futures slumped to a five-month low overnight before mounting a recovery on Friday (5 May), after Saudi Arabia’s Opec governor claimed major oil producers were converging on the need to extend production cuts beyond June. “So, beyond a short-term movement it is difficult to predict the likely direction of …

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European shares highs on Thursday as weaker banks weighed

European shares highs on Thursday as weaker banks weighed picture-12597-310x165

European shares fell from 20-month highs on Thursday as weaker banks weighed, with the broader market little moved by a widely expected European Central Bank decision to stand pat on policy. [MILAN] European shares fell from 20-month highs on Thursday as weaker banks weighed, with the broader market little moved …

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Euro fell against the dollar on euro zone government

Euro fell against the dollar on euro zone government picture-12543-310x165

Euro zone economic growth is steadily picking up pace and the risks to the survival of the single currency are receding after pro-euro centrist Emmanuel Macron won the first round of France’s presidential vote. Traders argued that Draghi’s comments were more cautious than they had expected and the euro EUR= …

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