FTSE 100 ends six-day losing streak on energy stock boost
The FTSE 100 rose 0.1 percent on Tuesday to snap a six-day losing streak. Energy gains led by BP offset caution ahead of the Bank of England policy decision.
Xurve View
Insights:
Xurve View
The X FTSE 100 1C rose 0.1% to 10,332.79 on Tuesday, ending a six-day losing streak driven by energy gains. Strong earnings from oil majors offset a 0.8% decline in the midcap X FTSE 250 1D. Investors are weighing high energy costs against a 5% retreat from the index's record high in February.
### Oil Majors Drive London Recovery BP PLC rose 1.1% after first-quarter profit more than doubled compared to the previous year. SHELL PLC also gained 1.1% as Brent Crude Oil prices climbed. Geopolitical tensions between the United States and Iran supported the rally in energy commodities.
