Oil support keeps Footsie in the black

The FTSE 100 was slightly higher towards midday trade, up 10.7 points to 5020.5. There were few obvious trends to the morning's trade but the index was bolstered by strength in heavyweight oil stocks. BP and Shell attracted buyers after the Organization of Petroleum Exporting Countries (OPEC) said it might cut oil supplies to support prices. BP and Shell both gained 2% to 526p and 578p respectively. EMI led FTSE 100 gainers as recent heavy falls in the media sector were judged to have been overdone. The stock recovered 13p to 261p. Leading the FTSE 100 fallers was Logica, down 2...