Oil drop keeps FTSE on the up

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In the UK markets, the FTSE 100 index has started a fraction higher, adding 3.3 points to 4,946.2 points in its morning session.

Exel is up a further 24p to 909.5p. The company added 10% yesterday as Deutsche Post announced plans to purchase the Logistics firm. Antofagasta has advanced 25p to £12.44. The firm has three copper mines in Chile and there is concern that demand in China might outweigh the growth of supply there. Alliance and Leicester meanwhile, is down 25.50p to 870.50p this morning. In Tokyo, the Nikkei 225 Stock Average climbed 0.5% to 11,827.16 at its close early this morning, as the price of Crude oil for May delivery shed 0.2% to $55.94 a barrel in New York. Japan imports a large portion of...

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