Strong demand for technology stocks lifted equity indexes around the world on Thursday and oil prices edged down on reports of ships moving through the Strait of Hormuz while investors awaited the outcome of a high-stakes US-China summit.
Oil prices fell slightly after Iran’s state media said about 30 vessels had crossed the Strait of Hormuz while the semi-official Fars news agency cited a source saying Iran had begun allowing transit for some Chinese vessels.
US crude fell 0.27 per cent to $100.75 a barrel and Brent fell to $105.07 per barrel, down 0.54 per cent on the day.
Euronext Dublin finished the day up 0.4 per cent, but Ryanair continued its recent woes despite the downturn in oil prices as the crisis in the Middle East rumbled on.
The airline finished down 1.6 per cent on the day to trade at €22.46. The company is down 12.2 per cent in the past month and down 24 per cent in the year to date.
