UK Stocks-Factors to watch on August 19

August 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Friday with futures FFIc1 up 0.2%.

* SHELL: Shell SHEL.L on Thursday said it had to cut output at its German Rhineland refining facility, which makes fuels, heating oil and petrochemicals, citing low Rhine levels.

* GLENCORE: Wheaton Precious Metals WPM.TO agreed to end its so-called silver "streaming" deal with Glencore Plc GLEN.L on Peru's Yauliyacu mine for $150 million.

* NATIONAL GRID: National Grid NG.L said on Thursday it had signed contracts with power generators Drax Group DRX.L and EDF EDF.PA to extend the life of four coal-fired power units at two plants for the upcoming winter.

* ENERGY: Britain's opposition Labour Party said parliament should be recalled on Monday to freeze energy bills for the winter as the country deals with the worst cost-of-living crisis in decades.

* COST OF LIVING: British households are feeling "a sense of exasperation" about the surging cost of living which has pushed consumer sentiment to its lowest since at least 1974, according to the country's longest-running survey of household finances.

* GOLD: Gold prices slipped to a three-week low and were set for their first weekly drop in five, as a stronger dollar and prospects of more rate hikes by the U.S. Federal Reserve dented bullion's appeal.

* OIL: Oil prices dipped after two days of gain, as market participants weighed worries about global economic slowdown - that could dampen fuel demand - against expectations of tighter supplies toward year-end.

* The UK's FTSE 100 index rose on Thursday, boosted by commodity shares, although gains were limited by a number of stocks trading ex-dividend and fears that rapid policy tightening by the Bank of England to tame inflation will trigger a recession.

* For more on the factors affecting European stocks, please click on:


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Reporting by Prerna Bedi in Bengaluru

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