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FTSE 100 rises as oil stocks rally on output cut hopes

FILE PHOTO: Traders look at financial information on computer screens on the IG Index trading
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(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 rose 1.9% by 0711 GMT, with BP and Royal Dutch Shell 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..
Date Published: Apr 09, 2020
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