FTSE higher on oil news but analysts give up on US tech stocks

Oil prices are the only thing that seem to be driving the UK stockmarket at present, however, it has helped to push the UK's benchmark index for the third successive day. OPEC announced it would attempt to "rein in supplies" of oil in the hope it would return oil prices to around $25 a barrel and the price of oil stocks climbed as a result. The FTSE 100 ended up 32.7 points or 0.7% to 4696.10 to take it just 8.2% lower than levels hit just before the US terrorist attacks, led by BP. The publicly-traded oil company climbed 10p or 2% to 519.5p because of the OPEC announcement, even t...