Oil stocks support FTSE
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London equities were mildly positive in opening trade on Thursday, as the heavily-weighted oil sector provided support after the prospect of $100 crude prices moved closer.
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PARIS: European shares opened higher on Friday, led by oil heavyweights such as BP ahead of an expected decision by Opec to trim its output.
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Oil prices climb a dollar to tip beyond $70 a barrel in London as fears over supplies increase.
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Markets off their highs, but remain in positive territory, amid steep drop in oil prices. NEW YORK (CNN/Money) - Stocks clung to modest gains Monday as a steep drop in oil prices didn&#39;t translate to big gains for the major indexes.
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London equities were higher in afternoon trade on Thursday, with momentum coming from the the heavily-weighted oil sector as the prospect of $100 crude prices moved closer.
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Oil prices climbed yesterday as tight supplies of distillate fuels ahead of the northern hemisphere winter spurred buying. London IPE Brent rose 61 cents to $43.33 a barrel , while US light, sweet crude gained 46 cents to $46.68 a barrel.
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Leading shares ended weaker, with the FTSE 100 index drifting back below the 4,700 level as the impact of Wall Street's early rally was tempered by a rise in Brent crude to 50 dollars a barrel for the first time, and by weakness in supermarket giant Sainsbury following yet another profit warning, dealers said.
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UK blue chips closed higher for the 11th session in the last 12, with oil companies gaining on a strong crude price, and Wall Street reacting calmly to US economic data.
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London oil prices hit record highs on Monday as worries about the stability of supplies from Iraq, Nigeria and Russia compounded concerns over low US fuel stocks ahead of winter.
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Crude oil rose, extending a 4.7 percent gain in London yesterday, the biggest in seven weeks, amid concern that a larger-than-expected decline in US inventories last week reduced supplies available for production of heating fuels.
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NEW YORK - Stocks moved sharply higher Friday as oil prices dipped and a pair of upgrades in the semiconductor sector boosted technology shares.    Investors are closely watching oil prices, which topped $50 per barrel this week, hoping that consumer spending and sentiment, along with third-quarter earnings, would not be adversely affected by rising energy costs...
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Stocks gained on Wednesday, helped by gains in energy shares as oil prices neared $73 a barrel and a rebound in beaten-down financial shares a day after a sharp sell-off on worries about a crisis in the subprime mortgage industry.
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London Brent crude slid over a dollar to $57 on Tuesday but remained in a $57-$60 a barrel range that has defined the market for the past three weeks.
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Oil prices rose to record highs on  Monday, pushing crude in London above $50 for the first time  and extending a relentless rise that has added around 65  percent to the cost of crude this year.
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Stocks gained on Friday as shares of energy companies got a boost from rising oil prices.
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By George Chamberlin , Daily Transcript Financial Correspondent. Investors once again shrugged off volatility in the oil patch Friday and pushed stock prices modestly higher.
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Stocks advanced on Thursday as a gain of more than $1 a barrel in oil prices boosted shares of energy companies, including Exxon Mobil Corp. , offsetting disappointment over a profit report from Goldman Sachs .