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London Stock Exchange

Opinion

Kirsty Blackman: assisting North Sea firms to achieve growth

During my time as an MP, the oil and gas market has been incredibly challenging for service companies and operators working in the industry. When I was first elected in May 2015 the oil price was around $62 a barrel, then dropped to around $30 before rising back up to $52. The quick and sudden decline from the $100-a-barrel 2014 rates has really dented confidence and I know it has left some companies struggling to find capital finance.

Markets

BP shares rise on the London Stock Exchange

The London market climbed higher, buoyed by takeover speculation at commodity giant Glencore. The FTSE 100 Index was 133.6 points higher at 6263.2, as the global equity volatility seen in recent weeks shows little sign of abating. France’s Cac 40 was up more than 3%, while Germany’s DAX lifted by around 2%.