The FTSE opened up 44.5 points today, having closed at 5,448.6 in the previous session. The UK...
The FTSE opened up 44.5 points today, having closed at 5,448.6 in the previous session. The UK's blue-chip index was led by heavyweight oil shares after US crude prices extended gains of $3 in the previous session to $117 a barrel, as an unexpected drawdown in crude and gasoline stocks in the US rekindled supply concerns. However, some analysts believe the second jump in oil prices may boost inflation and put upward pressure on interest rates. Energy stocks that have dominated the early top performers include Anglo American, Xstrata, Kazakhyms, Cairn Energy, BHP Billiton, and Rio Tinto an...
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