FTSE gives up gains

An about-turn for oil prices caused the FTSE 100 Index to give up impressive gains from earlier in the session today.

FTSE gives up gains
Thu, 18 Jan, 2007 - 11:52

An about-turn for oil prices caused the FTSE 100 Index to give up impressive gains from earlier in the session today.

BP was among the strongest risers for much of the day, but closed unchanged at 536.5p after crude oil prices lost their momentum and headed back towards 50 US dollars a barrel.

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