Money
FTSE 100 Live: Travel stocks drag but BP climbs as oil surges to four-week high
xCruzo Brief
The FTSE 100 started lower, down 23 points to 10,475, as travel stocks dragged while BP rose amid firmer oil prices. Oil continued climbing after renewed US-Iran developments, reaching a four-week high, and West Texas Intermediate was up 3.6% at $80.98 a barrel in mid-session trading. Markets were also focused on upcoming US data, with attention on CPI as a potential “defining” macro event for inflation expectations. Analysts pointed to weather and the UK’s World Cup momentum as supportive for retailers, citing solid BRC June sales. In parallel, commentary referenced BP reducing debt and stronger margins, contributing to its relative strength versus peers. Overall, investors were balancing geopolitical risk with signs of easing inflation.
xCruzo quick-read summary • Source: Proactiveinvestors UK • Read the full article for complete information.
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