Oil stocks help FTSE cope with poor results

Soaring oil stocks helped the FTSE 100 Index shrug off a downbeat reaction to the latest batch of corporate results today.

Oil stocks help FTSE cope with poor results
Thu, 15 Sep, 2005 - 12:48

Soaring oil stocks helped the FTSE 100 Index shrug off a downbeat reaction to the latest batch of corporate results today.

Heavyweights BP and Royal Dutch Shell were the toast of the market after benefiting from an upbeat broker note and a fresh rise in the cost of crude oil - adding around 2% to the value of both.

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