Oil prices work in FTSE's favour

A rise in the price of oil helped the FTSE 100 Index end its recent downward spell today as investors piled back into energy stocks.

Oil prices work in FTSE's favour
Fri, 19 Aug, 2005 - 13:34

A rise in the price of oil helped the FTSE 100 Index end its recent downward spell today as investors piled back into energy stocks.

The Footsie cheered 34.3 points to stand at 5304.6 by mid-morning – leaving it on track for a positive end to the week after six straight sessions of losses.

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CourtsBusinessHeathrowPerson: TOrganisation: FTSEOrganisation: FootsieOrganisation: BPOrganisation: Royal Dutch ShellOrganisation: ShellOrganisation: Rio TintoOrganisation: BHP BillitonOrganisation: XstrataOrganisation: WPPOrganisation: CazenoveOrganisation: Shire pharmaceuticalsOrganisation: Barr PharmaceuticalsOrganisation: Clarke
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