Footsie edges towards 5000 barrier

The FTSE 100 Index ended the week within touching distance of the 5000 barrier today as investors breathed a sigh of relief at lower oil prices.

Footsie edges towards 5000 barrier
Fri, 08 Apr, 2005 - 18:38

The FTSE 100 Index ended the week within touching distance of the 5000 barrier today as investors breathed a sigh of relief at lower oil prices.

A further weakening in the cost of US light crude to just over 53 US dollars a barrel relieved pressure on oil-dependent stocks and helped the Footsie rise 6.6 points to 4983.6.

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