Energy, industrial miners lift UK stocks, set for yearly gains By Reuters

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© Reuters. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo

(Corrects to add missing numbers to the first bullet point)

By Khushi Singh

(Reuters) -UK’s benchmark edged higher on the last day of trading in 2023, supported by a rise in industrial metal miners and energy stocks on higher and crude prices, while a drop in precious metal miners capped gains.

At 09:12 GMT, the blue-chip FTSE 100 edged 0.2% higher, on track to extend gains to a fifth week. The mid-cap index was down 0.2%, although set for a fourth straight week of gains.

Both indexes marked their longest-running weekly streak since early April.

Industrial metal miners rose 0.5%, leading sectoral gains on higher copper prices as the prospect of U.S. interest rate cuts brightened the outlook for most metals. [MET/L]

Heavyweight oil and gas added 0.4% on higher oil…

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