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| FTSE buoyed by mild rise in oil price | |
| (6 months later) | |
| (Close): London's main share index closed at a six-week high, as a small recovery in oil prices buoyed energy firms' shares. | (Close): London's main share index closed at a six-week high, as a small recovery in oil prices buoyed energy firms' shares. |
| The FTSE 100 closed 18.92 points higher, or 0.3%, at 6654.37. | The FTSE 100 closed 18.92 points higher, or 0.3%, at 6654.37. |
| Shares in oil and gas company Petrofac rose 2.5% and BP rose 0.4%, while Royal Dutch Shell 'A' and 'B' rose 1.2% and 1% respectively. | Shares in oil and gas company Petrofac rose 2.5% and BP rose 0.4%, while Royal Dutch Shell 'A' and 'B' rose 1.2% and 1% respectively. |
| The price of Brent crude rose by almost 2% to $78.99 a barrel, after falling to four-year lows earlier in the week. | The price of Brent crude rose by almost 2% to $78.99 a barrel, after falling to four-year lows earlier in the week. |
| However earlier on Friday, the International Energy Agency warned oil prices were likely to continue falling well into 2015. | However earlier on Friday, the International Energy Agency warned oil prices were likely to continue falling well into 2015. |
| The IEA, a consultancy to 29 countries, said weak demand and the US shale gas boom meant crude's recent fall below $80 a barrel was not over. | The IEA, a consultancy to 29 countries, said weak demand and the US shale gas boom meant crude's recent fall below $80 a barrel was not over. |
| Shares also welcomed news of stronger-than-expected growth figures from the eurozone. | Shares also welcomed news of stronger-than-expected growth figures from the eurozone. |
| Latest figures from Eurostat showed the eurozone grew by 0.2% in the third quarter of the year, with Germany avoiding falling into recession. | Latest figures from Eurostat showed the eurozone grew by 0.2% in the third quarter of the year, with Germany avoiding falling into recession. |
| Shares in Aggreko rose 3.4% after the temporary power supply firm said third-quarter underlying revenues were up 6% from a year earlier and that trading was in line with expectations. | Shares in Aggreko rose 3.4% after the temporary power supply firm said third-quarter underlying revenues were up 6% from a year earlier and that trading was in line with expectations. |
| On the currency markets, the pound fell 0.22% against the dollar to $1.5676 and slipped 0.74% against the euro to €1.25. | On the currency markets, the pound fell 0.22% against the dollar to $1.5676 and slipped 0.74% against the euro to €1.25. |