Oil paces FTSE advance

BP has gained 4p, or 0.6%, to 638p, Royal Dutch Shell has added 8p, or 0.5%, to 1,767p and Rio Tinto has advanced 62p, or 2.4%, to 2,650p. GlaxoSmithKline has also gained 16p, or 1%, to 1,552p. Deutsche Bank has raised its recommendation to "buy" from "hold", citing positive expectations for the company's pipeline of drugs. In Japan, the Nikkei 225 Stock Average rose 409.42 points, or 2.6%, to 16,036.91 points after the central bank determined the economy is finally strong enough for it to abandon a five-year policy of fighting deflation. Resona, Japan's fourth-biggest bank by assets,...