The FTSE 100 closed higher today as oil stocks recovered some of the losses they've suffered ov...
The FTSE 100 closed higher today as oil stocks recovered some of the losses they've suffered over recent days. Gains for cyclical and banking stocks also helped the FTSE 100 add 52.8 points to 5291. Oil stocks bounced today but further declines could be on the horizon if OPEC fails reach an agreement regarding oil production quotas. Index heavyweight BP Amoco added 11.5p to 503p whilst Shell fared best with an advance of 21p to 477p. British Airways improved upon the 17% gain it enjoyed yesterday with a rise of 2.5p to 219.5p. UBS Warburg added further buying impetus after it upgra...
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