Commodities
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Commodities: WTI futures reverse course to trade higher, lacklustre trading in copper
Commodities traded slightly lower on Monday, with a stronger US dollar appearing to offset news of tax cuts in China.
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BP wins approval for second North Sea project in two months
BP received approval on Monday for a development off the coast of Shetland which it is hoped will produce 20m barrels of oil, or 12,000 barrels gross of oil equivalent a day at peak.
![oil rig workers drilling offshore oil rig workers drilling offshore](https://img3.s3wfg.com/web/img/images_uploaded/5/0/oil-rig-workers_285x185.jpg)
Sector movers: Oil&Gas falls to the bottom of the pile
Oil-related issues were at the bottom of the pile on Monday after Saudi oil minister, Khalid Al-Falih, said his country had no intention of repeating a scenario such as the 1973 oil embargo, when the Kingdom weaponised crude supplies for political purposes.
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Saudi has no intention of repeating 1973 oil embargo, Al-Falih says
Crude oil futures slipped after Saudi oil minister, Khalid al Falih, said his country had no intention of repeating the 1973 oil embargo.
![lonmin mining industrial lonmin mining industrial](https://img1.s3wfg.com/web/img/images_uploaded/5/5/lonmin_mining_285x185.jpg)
Lonmin commits to Sibanye deal following $200m purchase pact
Platinum producer Lonmin sealed a $200m metal purchase agreement with Chinese outfit Jiangxi Copper to provide the miner with better liquidity while it waits for South African rival Sibanye-Stillwater's takeover to be finalised.
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Trump promises 'very major tax cut' to middle-income Americans
Donald Trump has vowed to implement more tax cuts ahead of the US midterms, this time promising supporters that Republicans were working on a "very major tax cut" for middle-income Americans.
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May says Brexit deal '95% settled', but party tensions rise
Theresa May will tell the Commons on Monday that 95% of the Brexit deal with the European Union is settled but could face a revolt from members of her cabinet and the wider Conservative party after she proposed looser divorce terms.