Top-flight stocks in London were boosted by rising oil prices in Friday trading, but observers said a recovery could not make up for the “dreadful” week on the markets. Top-flight stocks in London were boosted by rising oil prices in Friday trading, but observers said a recovery could not make up for the “dreadful” week on the markets. Fiona Cincotta, senior market analyst at City Index, said this number was “much closer to what oil investors had hoped for”. A barrel of Brent crude oil was trading 4.5% higher at 62.90 US dollars. The fact that the Opec-Russia alliance is still holding matters as much as the details of the deal itself.

Source: Irish Independent December 07, 2018 18:00 UTC