The price of oil has climbed on Tuesday morning against a weaker dollar, following yesterday’s announcement that Goldman Sachs expects Brent prices to reach $65 per barrel by this summer. A combination of Saudi Arabia’s decision to cut output and anticipation of a Democrat-driven stimulus check in the US has also boosted the commodity – […]

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After a harsh year for oil traders, in which some blue chip equities hit twenty-year lows, the short-lived enthusiasm for a COVID vaccine has seen oil prices slump once again at the end of the week. Speaking on Thursday, the IEA reiterated the sentiment of other sceptics, saying that, “It is far too early to […]

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FTSE 100 listed aerospace and defence manufacturing firm, BAE Systems (LON:BA), saw its shares climb higher on Wednesday, with the company noting that orders were ahead of its pre-COVID predictions. BAE stated that demand remains ‘high’, and celebrated the German Parliament’s decision to approve the purchase of 38 Eurofighter Typhoon aircraft, which it said was […]

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Oil price fell to a 5-month low on Monday morning over fears of another Covid-recession. Brent crude slid by 4% this morning to $36.41 per barrel whilst US crude slumped by over 4.5% as more country’s go into lockdown. The price of Brent crude is down 45% this year. “Covid-19 cases continue to break records […]

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Heading up the FTSE 100 losses with a 25% dip in early morning trading, BA owner IAG (LON:IAG) continued the tailspin it began at the end of the previous week. The drop began after the company announced a rights issue last week, in hopes of raising £2.5 billion in exchange for increasing its share count […]

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