UK Factors to watch on 28 Dec 2016

Britain’s FTSE 100 index is seen opening 0.07 percent higher on Wednesday after a four-day Christmas break, according to financial bookmakers.

* The UK blue chip index closed 0.1 percent higher on Friday at 7,068.17 points.

* OIL: Oil prices edged down on Wednesday in quiet early Asian trading as the market waits to see how OPEC and non-OPEC members carry through on planned supply cuts in the new year.

* BP PLC: Australia’s top grocer Woolworths Ltd said on Wednesday it will sell its chain of petrol stations to BP plc for A$ 1.8 billion ($ 1.3 billion), the latest disposal in a bid to return the company’s focus to its core supermarket business.