Thursday, May 17, 2007

Oil spurs FTSE higher, offsets uninspiring BT results

(Reuters) - Britain's FTSE 100 index rose on Thursday as gains in oil stocks, benefiting from rising crude prices, and in British Airways offset the effect of uninspiring results from BT Group.

Oil climbed towards $69 a barrel, supported by refinery closures that are cutting gasoline supplies in top consumer the United States just before the summer driving season.


Read more at Reuters Africa

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