London’s FTSE 100 inches up on oil boost

The UK’s FTSE 100 inched higher on Monday as energy stocks tracked crude prices higher, while investor caution ahead of domestic inflation data and major central bank decisions kept a lid on gains.

Energy shares (.FTNMX601010), opens new tab advanced 0.8%, tracking gains in crude prices on the view that supply was tightening, in turn lifting the resource-heavy FTSE 100 (.FTSE), opens new tab 0.1% as of 0910 GMT.

Shares of Reckitt Benckiser (RKT.L), opens new tab gained 2.4% and also boosted the benchmark index after slumping around 14% on Friday.

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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