Rising oil price boosts FTSE oil stocks

The FTSE 100 index added 28.8 points or 0.7% to 4335 within the first hour of trading while the FTSE All-Share index was up 0.6% to 2160 while the FTSE 250 index gained 0.3% to 6016. BP is up 1.5p or 0.3% to 489.5p while Shell Transport & Trading is up 1p or 0.3% to 390.5p after the price of crude oil rose to $41.45 a barrel in New York yesterday. Anglo American has a 45% stake in De Beers so its report of a 26% gain in first-half profit has helped Anglo American’s share price. Japanese stocks had another bad day thanks to the big exporters Honda Motor and Canon, as the continuin...