FTSE up on rising oil prices

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The FTSE has made a bright start to the week rising 9.7 points, or 0.2%, to 6010.9 led by BP and Royal Dutch Shell as crude oil has risen this morning.

BP, Europe's largest oil company by market value, has gained 5.5p, or 1% to 578 pence. Shell, the region's second-largest, has added 6p, or 0.4%, to 1,726p. Crude oil rose in New York after six OPEC members, led by Saudi Arabia, agreed to cut output by about 3.4% to stem a two-month slide in prices. Oil for November delivery rose as much as 74 cents, or 1.2%, to $60.50 a barrel in after-hours electronic trading. Meanwhile both BT and ITV fell after analysts cut their recommendations on the shares. HSBC Holdings Plc, Europe's largest bank by market value, led financial companies lower....

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