The FTSE has made a bright start to the week rising 9.7 points, or 0.2%, to 6010.9 led by BP and Royal Dutch Shell as crude oil has risen this morning.
BP, Europe's largest oil company by market value, has gained 5.5p, or 1% to 578 pence. Shell, the region's second-largest, has added 6p, or 0.4%, to 1,726p. Crude oil rose in New York after six OPEC members, led by Saudi Arabia, agreed to cut output by about 3.4% to stem a two-month slide in prices. Oil for November delivery rose as much as 74 cents, or 1.2%, to $60.50 a barrel in after-hours electronic trading. Meanwhile both BT and ITV fell after analysts cut their recommendations on the shares. HSBC Holdings Plc, Europe's largest bank by market value, led financial companies lower. ...
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