oil

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.

Renowned Legg Mason manager Bill Miller bought a large stake in Transocean at the height of the BP turmoil, believing the owner of the stricken Gulf of Mexico rig got oversold during the crisis.

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Schroders' Richard Buxton has reiterated his support for Korean state-controlled oil producer KNOC's hostile pursuit for Dana Petroleum.