Oil
Donald Trump said he was searching for “medium ground” after a blow-up between Saudi Arabia and Russia over production cuts ended in both parties ramping up output 

三级成人视频US oil registered its biggest ever one-day gain on Thursday after Donald Trump vowed he would wade into the price standoff.

West Texas Intermediate crude jumped 24pc to more than $25 a barrel following the US president’s comment – the largest leap since records began in 1983.

三级成人视频Mr Trump said he was searching for “medium ground” after a blow-up between Saudi Arabia and Russia over production cuts ended in both parties ramping up output – causing the oil price to crater earlier this month, endangering US producers.

The collapse of an Opec+ meeting at the start of March has ignited a market rout that shows no signs of abating.

In the City, extraordinary movements continued across the FTSE 250 as the outbreak sent further shock waves through the London market.

Overall, 22 mid-caps clocked up double-digit gains, while 29 dropped by 10pc or more amid a febrile trading atmosphere that saw the index fall slightly.

FirstGroup and SSP 三级成人视频both registered gains of around a third as they rebounded from steep recent loses. In a mark of just how volatile things have become, chemicals firm Elementis led risers with a staggering 124pc leap, and was up at much as 207pc at one point. Investors piled back into the group after it said it had reached agreements with lenders to relax its covenants, and would suspend its dividend to save money.

 

 

 

三级成人视频Stifel analyst Margaret Schooley said the announcement “should be seen as the management taking a more proactive approach”.

三级成人视频Despite Thursday's surge, the group is still 77pc down for the year to date. Its shares ended up 23p at 41p.

Branded-goods maker 4imprint – one of the FTSE 250’s best performers over recent years – dropped by around a fifth, falling 345p to £13.20, after warning it had experienced a “significant reduction” in daily orders.

三级成人视频The group said disruption from factory shutdown had not been as bad as feared, but added: “There is no historical precedent in the business for the demand reduction that we are seeing. At this point the speed and volatility of the unfolding crisis makes accurate or responsible forecasting very challenging.”

It insisted it remains well financed, with around $51m (£44m) in hand and no debt.

Things were comparatively calm on the FTSE 100, with Carnival and Tui enjoying minor rebounds that left them among the biggest risers. Both are still steeply down this year, left among the groups most affected by the disruption to tourism prompted by the coronavirus outbreak.

British Airways owner IAG 三级成人视频was the biggest blue-chip faller, dropping 19p to 195p as subsidiary Iberia announced plans to suspend most of its staff.