London shares close higher; oils gain on record crude price
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UK blue chips recovered from morning losses to close higher, with oil heavyweights gaining on record crude prices, and Wall Street edging higher, but still seeking direction ahead of the Federal Reserve&#39;s meeting on Tuesday.
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UK blue chips closed higher, with the FTSE 100 going through the 6,000 barrier briefly, helped by a bullish conference call at Barclays prompting a turnaround in the banking sector, and a strong start on Wall Street.
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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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London crude prices hit record highs on Monday as Nigeria emerged as the new focus of worries about supply security on world oil markets.
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LONDON : Oil prices rallied back above 50 dollars a barrel, closing in on record high points on technical factors and persistent worries about tight global supplies, traders said.
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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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Blue chips closed comfortably higher, lifted in late afternoon trade by a positive early performance by Wall Street, while a firm media sector and recovering oil stocks also boosted the FTSE 100, dealers said.
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UK blue chips closed higher, just short of midday highs, thanks to strength from oil and mining sectors.
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London crude prices have hit record highs as Nigeria emerges as the new focus of worries about supply security on world oil markets.
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Leading shares have managed to close up at session highs, with strong gains  across oil and mining stocks countering weakness across the banking sector and a cautious morning by Wall Street.
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Oil prices surge to fresh record highs in London, with Brent crude reaching the $50-a-barrel mark for the first time.
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By Richard Mably LONDON  - London crude prices hit record highs on Monday as Nigeria emerged as the new focus of worries about supply security on world oil markets.
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US stocks were higher on Wednesday even as crude oil prices touched a record at over $52 per barrel, which helped boost energy shares.
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UK blue chips closed higher, but off peaks, as early strength on Wall Street evaporated on rising oil prices, while solid full year numbers from BAE and Centrica held the index in positive territory.
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UK blue chips closed higher, just off the late afternoon peak after rallying from earlier falls in tandem with an jump on Wall Street as the latest weekly US jobless claims numbers eased worries over the health of the world&#39;s largest economy.
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The price of oil has continued its sharp rise overnight, closing at a record high. The main contract in New York, light sweet crude for delivery next month, has closed at a record $US46.75 a barrel - up 70 cents on yesterday&#39;s close.
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London shares opened sharply higher on Friday with only a handful of stocks trading in the red after the Dow closed at a record high overnight.