Oil keeps FTSE in the black

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The FTSE 100 index rose just 8 points, or 0.1%, to 5,692 points today, led by oil stocks.

Royal Dutch Shell rose 1.45% to £18.21 after it was upgraded to 'buy' from 'hold' at Deutsche Bank and oil hovered near the $71 a barrel level. BP climbed 1.98% to 617p and BG Group advanced 2.73% to 695p. British Airways rose 0.43% to 347.5p as Deutsche Bank kept its 'buy' advice on the airline despite news it is being investigated for potential fuel surcharge price fixing by both UK and US authorities. Miners were a mixed bunch with Vedanta Resources down 2.33% to £13.01 and BHP Billiton down 0.60% to 994p, while Anglo American rose 0.19% to £21.08. Financial stocks preyed on the ...

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