FTSE buoyed by oil shares after OPEC agrees supply curbs

FTSE buoyed by oil shares after OPEC agrees supply curbs
 

Britain's top share index rose near a 1-1/2 year high on Thursday, boosted by a rise in its heavyweight energy sector as a decision by OPEC to curb output for the first time since 2008 lifted oil prices.
Energy stocks added 47 points to the FTSE 100 .FTSE, contributing more than half of its rise.
The index was up 75.15 points, or 1.1 percent, at 6,924.53 at 0827 GMT, 0.4 percent away from its 2016 high. That peak, hit in August, was the index's highest level since April 2015.
Heavyweight oil firms such as Royal Dutch Shell (RDSa.L) and BP (BP.L) were up 5.6 and 4.5 percent respectively.... read more

 
29 September 2016 in Business, Views: 27
Source: Reuters
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