Neil Woodford is avoiding resource-related stocks as he feels pessimistic about the potential for a cut to oil production, adding demand fundamentals for commodities remain "fragile and deteriorating".
Last month, OPEC agreed to its first cut in output for eight years, suggesting output could fall as low as 32.5m barrels per day. The organisation, which includes countries such as Saudi Arabia and Qatar,...
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Historic levels of M&A
Brent Crude fell 0.8% to $53.51 a barrel
Largest firms applying fee caps
Revised from 0.3% to 0.2%