The prospect of US tax reforms has buoyed global stock markets but knocked the dollar, sending UK shares and sterling higher.
FTSE 100 Index
A brief rally in the cost of crude was brought to an abrupt halt after global oil giants failed once more to agree on production cuts, instead freezing output at its highest-ever level.
Oil and gas shares staged a partial recovery yesterday as the City bounced back from “Black Monday”.
Billions of pounds were wiped off the value of North Sea oil companies yesterday as fears of a Chinese economic meltdown sent global stock markets plummeting.