Resurgent oil puts FTSE on front foot

The London market was on the front foot today after market heavyweights BP and Royal Dutch Shell improved on the back of resurgent oil prices.

Thu, 28 Sep, 2006 - 16:27

The London market was on the front foot today after market heavyweights BP and Royal Dutch Shell improved on the back of resurgent oil prices.

Oil slipped below 60 US dollars a barrel this week, but was up 2 US dollars overnight as traders speculated that OPEC may be tempted to cut output.

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