FTSE 100 Rises 79 Points While BP Shares Slide On Brent Fall
BP•London’s FTSE 100 climbed 79 points to 10,546 on Tuesday as US-Iran negotiation optimism propelled miners and airlines higher. BP shares slipped after Brent crude futures plunged from $107 to $96 a barrel last week before rebounding to $98.22 this morning.
1. FTSE 100 Opens Higher
The FTSE 100 added 79 points to reach 10,546 at the opening bell as strong performances in Kingfisher, Endeavour Mining and IAG reflected growing optimism over US-Iran negotiations.
2. BP Shares Slip On Crude Price Drop
BP shares underperformed after Brent crude futures fell sharply from $107 to $96 a barrel over the course of last week, denting energy sector sentiment.
3. Brent Crude Market Movements
Following its low of $96 a barrel, Brent futures rebounded 2% to trade at $98.22 on Tuesday morning, driving volatility across oil and gas stocks.
