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Oil Industry 2 March 2026 - 2 April 2026

Barclays PLC Shares Stay Under Pressure as MFS Fallout Meets Oil Shock

Barclays PLC Shares Stay Under Pressure as MFS Fallout Meets Oil Shock

Barclays PLC slipped again Monday, with traders bracing for fallout from the bank’s links to collapsed mortgage lender Market Financial Solutions and another round of oil-fueled volatility in UK markets. Shares dropped 2.86% to 392.6 pence at 1429 GMT, according to Reuters data. The FTSE 100 shed 0.3%, and the FTSE 250 slid 1.8%—both settling at levels last seen about five weeks ago.
BP PLC Shares Rise as Oil Prices Spike, but Traders Still Bet the Windfall Fades

BP PLC Shares Rise as Oil Prices Spike, but Traders Still Bet the Windfall Fades

BP climbed 2.2% in London on Monday after Brent crude briefly crossed $119 a barrel. Even so, shares are up 7.8% since the U.S.-Israeli war on Iran erupted late last month—well behind crude’s more than 40% surge. That spread points to skepticism about a lasting supply hit; James West at Melius Research noted the market was anticipating a “swift end” to the Strait of Hormuz disruption.
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