Brent crude posted another sharp price rise today after EU leaders moved to ban 90% of Russian oil imports by the end of the year.
Brent rose traded at $124 a barrel, having risen for the past eight sessions in a further blow for motorists faced with record refuelling costs. The spike adds to pressure on OPEC+ ministers to accelerate monthly production rates when they meet on Thursday.
In corporate news, B&M European Value Retail has released annual results while Unilever has appointed activist investor Nelson Peltz, of Trian Fund Management, as a non-executive director.
