Friday, May 18, 2007

European shares at 6-1/2 yr highs; BP, Shell up

(Reuters) - European stocks jumped to their highest levels in about 6-1/2 years on Friday, extending early gains, with index heavyweights BP and Royal Dutch Shell among the biggest gainers on continued market talk of a possible tie-up.

The DJ Stoxx European oil and gas sector jumped 1.6 percent to head sector gainers, with BP and Royal Dutch Shell up 2.5 percent each. Both stocks had gained late on Thursday on strong volume on market talk of a tie-up.


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