Oil stocks fuel gains on FTSE
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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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The FTSE 100 has jumped on relief over weaker oil prices, an unexpected reprieve for the economic outlook, and for big fuel consumers such as British Airways.
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The FTSE 100 ended the session in positive territory but off intraday highs, as a spike in crude prices and worries over US employment data took the shine off a rally in insurers and strong traffic figures from British Airways, dealers said.
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The FTSE 100 remained on positive ground, but amid volatility as Wall Street see-sawed around the gain line, on mixed sentiment about the latest economic data, while oil prices remained under scrutiny on reports that OPEC has agreed to cut oil production, dealers said.
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European equities opened higher on Thursday as banking and insurance stocks benefited from some solid results, while rallying oil prices lifted the energy sector.
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London shares made strong gains in early trade on Tuesday, boosted by a rally on Wall Street overnight and led by mining stocks as metal prices continued to rise.
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U.S. stocks rose on Wednesday,  extending gains, as oil prices fell sharply after a  higher-than-expected rise in crude stocks last week.
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U.S. stocks rose on Monday, with  investors betting on good earnings news as the fourth-quarter  reporting season kicks off, while a hike in crude to around $47  a barrel boosted oil company shares.
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NEW YORK - Stocks moved 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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European stocks extended recent gains on Thursday, with miners and oil stocks in the vanguard of the advance as metals and crude prices rose on commodities exchanges.
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Investors looked past a spike in oil prices Friday, sending stocks higher on the strength of Ford Motor Co.&#39;s bullish profit outlook.
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Oil prices climbed toward &#36;47 a barrel on Thursday after bullish fuel stocks data in the United States and a series of production hitches across the globe rekindled worries of a major supply disruption.
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Oil prices rose yesterday as global stock markets recovered some ground after weeklong declines, and strategists pointed out that gasoline stocks are slipping while demand rises.
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Europe&#39;s main stock markets climbed higher on Friday as the oil sector was energised by soaring crude prices, dealers said.
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Oil prices briefly climbed back over $50  on Tuesday, pushed higher by supply outages in the North Sea  and fears about low stocks of winter heating fuels.
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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 .
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London equities made strong gains on Monday, with banking stocks at the forefront of the rally at the start of a busy week for newsflow in the sector.