FTSE 100 Live: Stocks to drop as oil higher after Saudi drone attack


 |  Updated: 

North Sea oil terminal with storage tanks and docking facilities under a clear sky, highlighting energy infrastructure.
Soaring oil prices have fanned the flames of inflation.

Welcome back to the City AM FTSE 100 liveblog.

London’s blue-chip index is set to slide this morning after a shaky week for trading.

Oil pressures have climbed higher after a drone attack on Saudi Aramco’s Shaybah oil field killed two people. The incident renewed tensions in the Middle East and heightened concerns over further disruptions to energy supplies.

Brent crude – the international benchmark for oil prices – was trading above $111 on Thursday morning reversing any losses from earlier in the week.

The uncertainty in the Gulf put Asian stocks on a struggling foot, even as tech earnings provided some optimism provided.

Stick with us throughout the day for the latest news from the London Stock Exchange and the wider business world, as soon as we get it.

Here’s a few of our top headlines:

The liveblog has ended.

No liveblog updates yet.

You May Also Like

+ There are no comments

Add yours

one × three =