Opec’s decision not to cut production pulls down oil firms – London Report

July 13, 2021

first_imgThursday 27 November 2014 8:48 pm whatsapp Share Opec’s decision not to cut production pulls down oil firms – London Report THE FTSE closed mixed yesterday, with oil-sensitive blue chips heavy fallers after the Organisation of Petroleum Exporting Countries (Opec) said it would take no action to ease a global supply gut of oil.Their losses were almost offset by gains elsewhere.The FTSE 100 closed down 5.75 points, or 0.09 per cent, to 6723.42. FTSE 250 rose 101.23 points, or 0.64 per cent to 15,889.70.Tullow Oil led the oil pack lower, falling 7.21 per cent to 464.90p. It was followed by Petrofac, down 6.23 per cent to 843.50p.Among miners falling were Lonmin, which shed 3.54 per cent to 179.60p.But the prospect of lower fuel costs was boosting shares in airlines, with easyJet up 5.70 per cent at 1,633p and British Airways and Iberia owners International Consolidated Airlines Group climbing 4.81per cent to 457.80p. Tui Travel, up 3.78 per cent to 433.30p, led leisure stocks up. Admiral, up 2.63 per cent to 1,248p, captained the financials. Smith & Nephew was the leading pharma, rising 2.35 per cent to 1,133p. Tags: Oil prices Express KCS whatsapp More From Our Partners ‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFlorida woman allegedly crashes children’s birthday party, rapes Show Comments ▼last_img

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