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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Oil price holds gains after OPEC move, Imperial Brands plans £1bn buyback

Brent crude futures remained near $93 today as traders evaluated OPEC’s controversial move to cut oil production by two million barrels a day from next month.

The largest reduction since the height of the pandemic was condemned by the Biden administration and led to forecasts for prices around $100 a barrel later this year.

In today’s corporate news, tobacco firm Imperial Brands said trading had been in line with expectations as it unveiled plans for a £1 billion shares buyback.

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