The FTSE 100 Index has added 45.7 points, or 0.8%, to 5727.3 points this morning as oil and metal prices rise.
BP has risen 1.4% to 618p as crude oil rose above $72 a barrel in New York for the first time in two weeks on speculation an increase in gasoline demand will drain US fuel stockpiles. Cairn Energy has risen 0.83% to 2,073p. BHP Billiton has climbed 2.1% to 1,018p after copper prices rose in London and Shanghai. Sales of new homes in the US advanced unexpectedly in May to the highest level this year, triggering speculation demand for the metal may outpace supply. Metal for delivery in September rose as much as 2.5%, to 61,000 yuan ($7,626) a metric ton on the Shanghai Futures Exchange....
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