FTSE rebounds on oil strength

Oil stocks are dominant as crude prices hit record highs in the US, Royal Dutch Shell 'A' shares are up 3.41% to 2214. BG Group and Cairn Energy are also higher, up 3.1% to 1363 and 2.47% to 3606 respectively. Miners have also rebounded, with Kazakhmys 2.46% ahead to 1836. Imperial Tobacco is plummeting as reaction from its right issue call continues; it is 13.44% lower to 2125. Home Retail is also struggling on a poor day for consumer groups; it is down 5.62 lower to 235. In New York, the Dow Jones IA struggled on Tuesday as the high price of oil and heightened inflation concerns smash...