Oil prices pull back on signs of US-Iran diplomacy, FTSE 100 closes up 0.3% at 10,761.33

Summary

Asian shares were mostly higher but technology stocks remained volatile, while oil sank 3.3%, The Independent reported on Monday 2 November. Oil prices pulled back sharply on signs of US-Iran diplomacy to end the war, the cost of benchmark Brent crude dropping 7% to under 106 US dollars a barrel at one stage, the Evening Standard and The Independent reported. Stocks were boosted by the lower oil price and a tech rally, the FTSE 100 Index closing up 0.3% at 10,761.33, according to the two outlets.

Latest: Oil prices pulled back sharply on signs of US-Iran diplomacy to end the war, Brent crude dropping 7% to under 106 US dollars a barrel at one stage, and the FTSE 100 Index closed up 0.3% at 10,761.33, stocks being boosted by the lower oil price and a tech rally, the Evening Standard and The Independent reported, after Asian shares mostly advanced while oil sank 3.3%, according to The Independent.

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