oil

Brent crude oil has soared to $104 dollars a barrel amid fresh concerns over the Suez Canal in the Middle East.

Brazilian state oil company Petrobras dragged down the performance of Brazil last year to make it one of the world's worst performing markets, says BlackRock's Will Landers.

BP reported an annual loss of $4.9bn (£3.1bn) in 2010, the first time the oil giant failed to post full-year profits since 1992.

HOW HIGH CAN OIL PRICES GO?

Fatima Luis has invested into the energy services sector for the first time in at least 12 months on a positive outlook for oil.

Fund managers have applauded the deal struck between beleaguered oil giant BP and Russian group Rosneft, with some topping up their positions last week.

Oil prices have jumped above $90 a barrel for the first time in two years as a weak dollar continues to drive demand for commodities.

Highly regarded Investec Asset Management energy duo Jonathan Waghorn and Mark Lacey are running an overweight position in the ‘deeply distressed' gas sector.

Mega-cap oil companies have a flawed business model, while unloved media stocks look excellent value, says Aviva Investors' head of UK equities David Lis.

Brazilian state oil company Petrobras has raised $70bn (£45bn) yesterday in the world's largest ever share offer.