Despite support from James Bond and Rolls-Royce, London’s main stock markets were struggling for footing on Monday.
Big energy names were in the lead, with shares of BP BP, +3.21% BP, +2.98% and Royal Dutch Shell RDSA, +3.85% RDSA, +3.85% up 2% and near 3%, respectively, as U.S. CL00, +1.76% and Brent crude prices BRN00, +1.79% logged gains of more than 1.5% each. Goldman Sachs lifted its forecast for Brent to $90 by year end in a note to clients.
Elsewhere, natural gas prices and electricity prices have been climbing amid intense global demand and shortages, along with electricity outages in the country. U.K. natural gas price futures for October deliver surged 9% to 191.74 pence a therm on Monday.
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