Venezuelan politics moves UK oil prices

UK stock movements were influenced by political developments in Venezuela today as the reappointment of Venezuelan president Hugo Chavez pushed the oil price up and oil stocks along with it. BP and Shell Transport & Trading Company both rose 1.9% to their respective 595p and 506p prices after the May price of a barrel of oil rose 1.4% to $24.62. But it was not just oil stocks which have seen substantial climbs as Vodafone, last week's dog stock, bounced back almost 5% and helped to keep the FTSE 100 afloat at 5196.7 points, up 35.7 points or 0.7%. Britannic gained 3.7% t 770p...