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Stock impact report

FTSE 100 rises as oil stocks rally on output cut hopes [Reuters (UK)]

BP p.l.c. (BP) 
Last bp p.l.c. earnings: 4/29 04:01 pm Check Earnings Report
Company Research Source: Reuters
FTSE 100 rises as oil stocks rally on output cut hopes - Reuters 2 Min Read (Reuters) - A jump in oil prices boosted producer-heavy UK stock markets on Thursday, as hopes grew that OPEC countries and Russia would agree to output cuts this week. The blue-chip index .FTSE rose 1.9% by 0711 GMT, with BP ( BP.L ) and Royal Dutch Shell RDSa.l gaining more than 3% ahead of an OPEC+ meeting where the world's largest oil producers are expected to agree to cut production. [O/R] Stock markets globally have racked up gains this week amid signs that coronavirus death toll was levelling off in the U.S. hotspot of New York and receding in hard-hit regions of Europe. The number of infections and hospital admissions in Britain are beginning to show signs of flattening, a medical director of the National Health Service said on Wednesday. [nL9N2BW005] The domestically focused midcaps index .FTMC added 2.3%, and was on track for its biggest weekly percentage gain on record. The blue-chip FTSE 100 is s Show less Read more
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