Private wealth management firms may recommend commodity shares

Private wealth management firms may direct clients to carry out commodities trading, as good mining trends combine with a bounce in BP share prices.

Reuters reported the oil company’s value rose to its highest in a month today (July 12th) as talk of asset sales boosted investor confidence in the embattled energy giant.

Private wealth invested in the firm’s stock would have appreciated by 6.9 per cent in this morning’s session, as the price rose to £3.90p, making the shares the biggest gainers in Europe.

Last week, favourable conditions such as miner-sympathetic regulation by the Australian government and firmer base metal prices meant the sector was among the strongest, helping the FTSE 100 to close up for its fourth day in a row on Friday.

Private wealth management firms could recommend the energy sector as a whole, with Royal Dutch Shell and BG Group adding 0.4 per cent and 0.1 per cent respectively. ADNFCR-2318-ID-19884699-ADNFCR