Company News 

Oil climbs back to $70

Oil climbs back to $70

Brent crude has moved back beyond the $70 (£53.5)-a-barrel mark, lifting shares in producing oil and gas stocks on investor expectations of widening profit margins. Supply disruption in Libya, cuts by Opec and a further deterioration in Venezuelan output have all contributed to a tightening market, which has seen the key international benchmark rebound 40 per cent since Christmas.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now