FTSE Oil and Resource Shares Rise on the back of Oil rebound, China Stimulus
December 2, 2014 9:51 am
FTSE100 oil and mining shares are in demand this morning as US oil rebounded to $69 after falling as low as $64 previously. The biggest one day rise since October 2012. Resource and mining shares are also on the rebound, tracking large rises in Chinese shares this morning as speculation mounts that China will ease its monetary policy in an attempt to stimulate further growth.
The FTSE100 is trading around 1% higher at 6733 rebounding from mondays lows and oil and mining shares are some of the FTSE100s best performers this morning.
FTSE100 oil and mining shares are in demand this morning as US oil rebounded to $69 after falling as low as $64 previously. The biggest one day rise since October 2012. Resource and mining shares are also on the rebound, tracking large rises in Chinese shares this morning as speculation mounts that China will ease its monetary policy in an attempt to stimulate further growth.
The FTSE100 is trading around 1% higher at 6733 rebounding from mondays lows and oil and mining shares are some of the FTSE100s best performers this morning.
Tullow Oil (TLW.L), BG Group (BG.L), BHP Billiton (BLT.L), BP (BP.L), Glencore (GLEN.L) , Anglo American (AAL.L) , Rio Tinto (RIO.L) and Royal Dutch Shell (RDSA.L) are performing well and all in the risers column.
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