August 21, 2019 / 7:25 AM / 2 months ago

Gains in oil majors lift FTSE 100

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* FTSE 100 up 0.3%, FTSE 250 up 0.2%

* Oil majors boost main index

* Housebuilders down, poll shows price hit from no-deal Brexit

Aug 21 (Reuters) - London’s FTSE 100 rose on Wednesday as oil majors tracked gains in crude prices, while cautious investors awaited minutes of the U.S. Federal Reserve’s July rate-setting meeting for signs of further policy easing.

The main index added 0.3%, boosted by Shell and BP, as a larger-than-expected drop in U.S. crude inventories pushed prices higher. The mid-cap FTSE 250 gained 0.2%% by 0707 GMT.

Persimmon and other blue-chip housebuilders were lower in early deals after a Reuters poll showed the country’s property market would be further damaged by a potential no-deal Brexit, with average prices slipping about 3% nationally in the ensuing six months. (Reporting by Shashwat Awasthi in Bengaluru; Editing by Arun Koyyur)

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