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Article / 21 minutes agoOn the last UK election day five years ago the price of one barrel of North Sea crude oil was changing hands at $80 per barrel while UK oil production was running at 1.5m barrels per day. The price averaged $100 for the next five years but is now in the mid sixties and UK's oil production has slumped below 1m barrels per day to levels last seen in the 1970s. The main national UK parties all favour tax cuts for the offshore sector and any new government of whatever color could well go further in order to secure the future of the sector.Read the article
Trade view / 1 hour agoMedium term
Update: Profit taken on EURGBP and protections movedLong-term play on short EUR, long GBP has protection activated, so profit booked.Read the Trade View
Move protections on copper and gold.
Article / Friday at 16:39 GMT
#Election2015: What it means for UK bondsThe support that gilts are testing this weekend are only short-term one. But the important medium and long-term supports are not far away. Were those to break then the rally from 2006 could well be over.Read the article
Editor’s Picks / Friday at 15:35 GMT
Oil may topple from its perchCNBCAfter a stellar month for beaten-down oil markets, the risk of another sharp slide downwards may be around the corner. Brent crude and WTI futures, the two global benchmarks for oil prices, rose almost 20% last month, CNBC's Dhara Ranasinghe reports. Oil markets delivered their best monthly gains for six years thanks to weakness in the US dollar and a view that the global supply glut would abate. But analysts now caution that the rally is probably premature and that the market is fundamentally oversupplied.Read article on CNBC
Article / Friday at 13:00 GMT
WCU: Commodities boosted on April reboundMarch may have been a bit of a stinker for commodities, but where there's a fall, there's quite frequently a bounce and the sector can look back on an April that was a significant improvement.Read the article
Squawk / Friday at 12:06 GMTI think today most important data for oil is US Rig count data.. do anyone know what time that data is?
Article / Friday at 10:30 GMT
Daily Shot: Full steam aheadThe parade of good news in the Eurozone continues, with Spain posting beating expectations on GDP growth and business and consumer sentiment improving. The euro crosses saw the common currency's rally continue, with EURJPY in particular posting a large spike.Read the article
Squawk / Friday at 8:22 GMTFTSE 100 Future Resilient Correction, Bull Trend Intact
A further dip and another bounce from a spike to prod at better supports at 6875/71.5. to attempt to build a base from the recent correction.
The base effort and bullish outside Monday pattern that produced a nudge to a new cycle high leaves a rebound bias today and whilst above deeper support at 6795, we see upside pressures into May.
We see an upside bias for 6955.5; break here aims for 7000, maybe even up to 7023 and 7049.
But below 6870 opens risk down to 6835, which we would look to try to hold.
Short/ Intermediate-term Outlook - Upside Risks:
We see a more positive tone with the bullish threat through the new record high at 7085.5.
Above here targets 7123 and 7178.
You can view the full FTSE 100 future report with screencasts, levels and day trade views - click here http://ow.ly/MmL6L
See our Equity Index Futures and all other reports here http://ow.ly/HZXPy
Article / Friday at 7:01 GMT
Morning Markets: Cable seeks election frenzy pushElection frenzy is gripping the UK as we enter the final week of the campaign and Labour leader Ed Milliband may have dropped the ball in last night's party leaders studio audience debate. Can cable take fresh impetus as events unfold?Read the article
Calendar event / Friday at 6:30 GMT
AU Commodity Price IndexpreviousforecastactualMed M/M, SDR-1.7%-3.3%Med Y/Y, SDR-19.7%-20.5%