Commodities

Commodities: Iranian oil minister warns of possible OPEC collapse
Metals and energy futures moved higher at the end of the week, boosted by a stronger-than-expected reading on the US jobs market, although remarks from Iranian officials that OPEC was in danger of collapsing may have tempered gains in the latter.

Tories and Labour suffer local election losses, pound jumps
The Conservative and Labour parties both lost ground at local elections on Friday, with smaller parties and independent candidates hoovering up more seats as voters expressed their frustration over Brexit deadlock.

Trans-Siberian Gold to buy back shares from big investors
Trans-Siberian Gold shares fell after the company said it would buy back shares from two of its biggest investors.

Commodities: WTI skids lower on reports Russian output cuts falling short
Energy futures slumped following reports that Moscow's oil output cuts were falling short of the targeted levels and the arrival of clean Russian crude to Belarus, which pointed to a prompt resolution of the recent disruption of supplies to Eastern Europe.