The FTSE 100 of Britain's leading shares was up 0.5 percent on Friday buoyed by commodities and a flurry of broker upgrades following a busy day of results in the previous session.
U.S. crude oil prices rallied above $60 a barrel for the first time in a month, extending a $2 gain a day earlier, on signs of falling crude exports from producer group OPEC and an outage at a U.S. oilfield. Oil heavyweights BP added 1 percent and rival Royal Dutch Shell tacked on 0.6 percent.
Oil explorer Cairn Energy was up 0.7 percent after it said Cairn India had won an interest in two new offshore exploration blocks in India.
In other commodity stocks, base and precious metal prices remained firm helping to push mining stocks higher. BHP Billiton added 1.1 percent, Anglo American climbed 1.2 percent and Xstrata was up 1.3 percent.
Read more at Reuters South Africa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment