The FTSE100 has opened strongly this morning after yesterday's poor session, with oil groups driving the index up 38.90 points (0.63%) to 6230.50 so far.
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 s...
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