A rebound in the oil price is buoying commodity and energy stocks on the FTSE 100 this morning, in part because the cold weather in the US is likely to increase general demand for oil.
The benchmark FTSE 100 index has gained 27.7 points, or 0.45%, to 6232.2 so far this morning, led in the main by mining stocks Antofagasta and Xstrata and energy firms. Antofagasta is currently up 6p or 1.34% to 453.5p while Anglo American has gained 24p or 1% to £23.58 and Xstrata has earned 44p or 1.96% to £22.87, although cruise operator Carnival is currently posting the biggest gains with a rise of 2.67% to £28.11. Although Whitbread is leading the fallers with a drop of 0.98% to £16.13, closely followed by Smiths Group which has slipped 0.87% to £10.87, while Rexam has fallen 0.84%...
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