(Bloomberg) -- Oil pared gains after hitting $85 a barrel for the first time since 2014 with traders focused on upcoming talks between Iran and the European Union that may lead to a revival of a 2015 nuclear deal. Most Read from BloombergCities' Answer to Sprawl? Go Wild.Hamburg Is at the Heart of Germany’s Growing Dilemma Over ChinaWhy Americans and Britons Are Rushing to Buy Idyllic Homes in ItalyOne of California’s Wealthiest Counties Could Run Out of Water Next SummerThe Top Money Maker at D
London’s top flight closed 18.27 points, or 0.25%, higher at 7,222.82 on Monday.
Petrol prices have hit a new record high in the UK as global oil prices continue to soar. Breakdown specialist RAC said its Fuel Watch tracker found the average price of petrol hit record high of 142.94p a litre on Sunday, eclipsing the previous all-time high of 142.48p reached in April 2012. “This is truly a dark day for drivers, and one which we hoped we wouldn’t see again after the high prices of April 2012,” RAC spokesperson Simon Williams said.