FTSE 100 movers: BP, Shell gush higher
London’s FTSE 100 was up 0.3% at 7,095.91in afternoon trade on Friday as investors mulled the latest US non-farm payrolls report.
Oil giants BP and Shell gushed higher as oil prices rallied.
Oanda market analyst Craig Erlam said: "Ultimately, the decision by OPEC+ not to increase output targets at the meeting earlier this week is a major tailwind for the rally and we're not seeing any loss of momentum at this stage.
"With the energy crisis contributing an additional 500,000 barrels in daily demand for crude, it's hard to imagine prices not hitting higher levels."
British Airways and Iberia owner IAG was trading up after Transport Secretary Grant Shapps said he wants to scrap expensive PCR tests for international travellers returning to England in time for the October half-term holiday.
Engine maker Rolls-Royce was also a high riser.
FTSE 100 - Risers
BP (BP.) 354.50p 2.81%
Royal Dutch Shell 'A' (RDSA) 1,713.20p 2.44%
Royal Dutch Shell 'B' (RDSB) 1,720.60p 2.43%
Anglo American (AAL) 2,711.00p 2.05%
International Consolidated Airlines Group SA (CDI) (IAG) 180.18p 1.90%
Standard Chartered (STAN) 480.20p 1.74%
Kingfisher (KGF) 325.70p 1.69%
Whitbread (WTB) 3,268.00p 1.65%
Rolls-Royce Holdings (RR.) 143.20p 1.40%
Imperial Brands (IMB) 1,518.50p 1.33%
FTSE 100 - Fallers
Aveva Group (AVV) 3,498.00p -2.70%
Rightmove (RMV) 667.80p -1.68%
Mondi (MNDI) 1,782.00p -1.57%
Spirax-Sarco Engineering (SPX) 14,510.00p -1.53%
Smurfit Kappa Group (CDI) (SKG) 3,810.00p -1.22%
Scottish Mortgage Inv Trust (SMT) 1,373.50p -1.19%
Ocado Group (OCDO) 1,618.00p -1.16%
Relx plc (REL) 2,142.00p -1.11%
3i Group (III) 1,252.00p -1.11%
Croda International (CRDA) 8,252.00p -1.08%