The FTSE 100 bounced back yesterday as stronger commodity stocks helped it more than recover the ground lost in a 1% decline over the previous session.
The rebound came as the price of Brent crude rose to $71 a barrel, having slumped to a five-year low close to $67 on Monday after Opec ministers failed to cut production.
It lifted the likes of BP and Royal Dutch Shell as the FTSE 100 closed 85.7 points higher at 6,742.1. BP climbed 5%, or 19.4p, to 433.8p while Shell rose 84p to 2292p.
Recovering oil prices also helped Tullow Oil, up 6% or 24.2p to 424.7p, while rival BG Group climbed 30.9p to 935.5p. Among mining stocks, BHP Billiton rose 32p to 1516p and Fresnillo was up 8p to 727p.