Oil sector fuels Footsie's sixth day of gains
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Sharp gains for oil majors helped the FTSE 100 close higher Thursday for a sixth straight session.
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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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The Australian dollar headed for its sixth weekly gain, the longest winning streak in more than a year, on optimism raw-material exports to China will increase after a report showed economic growth there.
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1015 GMT (Dow Jones) LONDON--European stocks higher driven by gains for oils and mining stocks. Trader says expiration of derivatives contracts or &quot;triple witching&quot; not having major impact.
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Stocks enjoyed a late-day rally yesterday, finishing higher despite a new record price for oil and gloomy third-quarter outlooks from several companies.
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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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Royal Dutch Shell Plc (RDSa.L) posted a  2.6 percent rise in underlying profits on Thursday, beating  analysts' forecasts, thanks to higher production and strong oil  prices.
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Crude futures rebounded slightly Tuesday, following a six per cent drop the day before on forecasts calling for warmer weather in the US, which eased worries about tight supplies of winter fuel.
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Crude stays above $45, $8 higher than at end of June, but analysts doubt prices will near $50 again. LONDON  - Oil prices rose modestly Wednesday as traders took stock after a three-day losing streak from record highs near $50 a barrel.
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Nervous OPEC oil producers on Wednesday sized up how fast this week&#39;s ministerial meeting should rein in a supply surge that has helped drag crude prices down by a quarter in barely six weeks.
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Battered oil prices struggled on Friday to shake off this week's &#36;6 slump, edging up from a 12-week low after a massive round of selling triggered by easing worries about winter supply.
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PORTLAND, Maine  - Oil rose 2 percent on Wednesday ahead of a government report expected to show crude inventories in the world's top consumer fell for a sixth straight week.
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US crude climbed 40 cents to $43.50 a barrel, around $6 below a record peak struck last Friday at $49.40. London&#39;s Brent crude gained 42 cents to $40.
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Crude oil may rise for a sixth week, after reaching a record $55 a barrel in New York, on concern supply cuts from Norway, Nigeria or Iraq may deter refiners from building winter fuel inventories, a Bloomberg survey shows.
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Oil prices held firm near six-week highs  on Friday after a six percent jump on Thursday driven by  concern that a looming U.S. cold snap will test low U.S. fuel  stocks.
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Crude futures bounced higher Tuesday following a 6 percent drop the day before as forecasts for warmer weather in the US eased worries about tight supplies of winter fuel.
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Royal Dutch Shell Plc  posted a 2.6 percent rise in underlying quarterly profits on Thursday, beating analysts' forecasts, thanks to higher production and strong oil prices.