FTSE 100 near two-month highs

The UK’s FTSE 100 advanced on Friday, as higher crude oil prices lifted energy stocks, while shares of Anglo American dropped after the global miner made deep cuts to its capital expenditure plan in the face of weak demand.

The blue-chip FTSE 100 (.FTSE) gained 0.4%, hitting its highest level since Oct. 19, and the more domestically focussed FTSE 250 midcap index (.FTMC) also rose by a similar margin.

Heavyweight energy stocks (.FTNMX601010) jumped 1.2%, after Saudi Arabia and Russia called for more OPEC+ members to join output cuts, driving up crude oil prices.

Fidelity Special Values PLC (LON:FSV) aims to seek out underappreciated companies primarily listed in the UK and is an actively managed contrarian Investment Trust that thrives on volatility and uncertainty.

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