Oil firms prop up FTSE

Oil firms propped up the London market today after the FTSE 100 Index slumped on Thursday due to downbeat housing market data from the United States.

Oil firms prop up FTSE

Oil firms propped up the London market today after the FTSE 100 Index slumped on Thursday due to downbeat housing market data from the United States.

Asian and some European markets posted fresh falls, but the Footsie bucked the trend with a gain of 32.3 points to 5111.5 by mid-morning.

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