Rebounding oil prices gives FTSE a nudge higher

Crude oil for December delivery has rebounded from a 16-week low rising 1.2% to $58.20 a barrel, as forecasts for colder weather in Europe and the US signalled consumption may increase, causing BP to rise 9.5p, or 1.54%, to 628p. Other winners included BG Group, which rose 13.5p, or 2.59%, to 534.5p, and Cairn Energy, which advanced 44p, or 2.42%, to 1,864p. BHP Billiton also jumped 6.5p to 847.5p, following strong gains in Australia overnight as a supply shortage sent world copper prices to new records. Telecoms firm Cable & Wireless led the list of the FTSE fallers, shedding 3.25p, ...