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2010.09.2008:20:00UTC+00FTSE extends gains as BP kills sea well in Gulf of Mexico

News

  • Britain's top shares extended rebounded led by energy shares after BP permanently killed its deep-sea well in the Gulf of Mexico.
  • By 1039 GMT, the FTSE 100 was up 63.51 points, or 1.2 pct, at 5,571.96, rallying on recent falls, with volumes at just 21 pct of their 90-day average.
  • BP rose 1.7 pct after the top U.S. oil spill official said on Sunday that the oil major had permanently "killed" the Gulf of Mexico well that ruptured in April and unleashed the worst oil spill in U.S. history.
  • Energy stocks were the top performers on the FTSE. British oil services and engineering group Amec rose 1.8 pct.
  • Jimmy Yates, head of equities at CMC Markets said that the FTSE was priming itself for a second attack on the significant 5,610 resistance level.

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