London's Miners Open Higher After Oil Prices Ease on Middle East Diplomacy Efforts
Dow Jones09-21 15:34
0734 GMT - London's miners open higher as oil prices ease. The gains come despite a small drop in gold prices as traders assess the inflation outlook. Miners are some of the world's largest consumers of diesel and higher prices increase the cost of mining and eat into margins. Oil is falling as diplomatic efforts to end the conflict in the Middle East step up, with President Trump set to meet Gulf leaders on the sidelines of the U.N. General Assembly in New York this week. Anglo American gains 2.1% while BHP's London shares are 1.5% higher. Rio Tinto's shares are up 1%. Copper miner Antofagasta rises 2.3%.
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