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UPDATE 7-Oil touches one-week high as Iran-driven rally gathers pace

* Coming up: API's U.S. inventory data at 4:30 p.m. EDT (Updates prices, market activity, adds commentary; changes byline, dateline, previous LONDON)

5:15pm BST

BHP warns protectionism will stoke U.S. costs

* U.S. onshore oil paying more for steel than in other regions

5:08pm BST

UPDATE 1-FTSE 100 reverses on weak dollar and BHP Billiton

* Morrisons, Sainsbury's, Ocado rise on strong sales (Updates prices, adds details, quotes)

5:04pm BST

UPDATE 2-European shares edge higher ahead of U.S.-China trade talks

LONDON, Aug 21 European shares closed slightly higher on Tuesday as investors on both sides of the Atlantic took a cautiously optimistic view of trade talks between the United States and China which are set to begin on Wednesday.

UPDATE 1-Germany urges EU payment system without U.S. to save Iran deal

BERLIN, Aug 21 Europe needs to set up payment systems independent of the United States if it wants to save the nuclear deal between Iran and major powers that was abandoned by President Donald Trump, German Foreign Minister Heiko Maas said.

4:59pm BST
BP PLC 551.60 -0.05%
TechnipFMC PLC $29.27 +3.28%
John Wood Group PLC 712.00 +7.65%


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