oil

Angelos Damaskos, manager of the £54m Junior Oils Trust, has bucked the trend to move defensive over the summer by increasing his equity exposure by 20%.

Standard Life Investments' £8bn Global Absolute Return Strategies (GARS) Fund has initiated new pair trades for the third quarter in expectation of euro weakness, higher Eurozone inflation and resilient commodity prices.

Anthony Bolton, veteran investor and manager of Fidelity's £635m China Special Situations investment trust, has tipped the long-running bull market in gold to continue amid ongoing economic woes across the globe.

The oil price fell by $6 after the International Energy Agency (IEA) said it would make available an extra 60m barrels.

BP is preparing to sell its stake in a joint venture with TNK to Rosneft in an effort to rescue the landmark deal with the Russian state oil company, the Wall Street Journal has reported.

Focus on small-cap dividend payers delivers for Chelverton.

The OECD has sent out a stark warning the global economic recovery could spiral into stagflation on the back of rising oil and commodity prices.

Goldman Sachs has reversed its bearish call on commodities, urging investors to buy as it expects oil will surge to $130 a barrel in the next 12 months.

BlackRock's Robin Batchelor is running a 30% underweight to oil majors in his £4.32bn World Energy fund, expecting margins will be squeezed as demand for oil intensifies and exploration costs rise.

Oil giant BP has reopened negotiations with Rosneft after failing to meet the original deadline for a $16bn share swap at midnight on Monday.