The UK’s FTSE 100 advanced on Friday, as higher crude oil prices lifted energy stocks, while shares of Anglo American dropped after the global miner made deep cuts to its capital expenditure plan in the face of weak demand.
The blue-chip FTSE 100 (.FTSE) gained 0.4%, hitting its highest level since Oct. 19, and the more domestically focussed FTSE 250 midcap index (.FTMC) also rose by a similar margin.
Heavyweight energy stocks (.FTNMX601010) jumped 1.2%, after Saudi Arabia and Russia called for more OPEC+ members to join output cuts, driving up crude oil prices.
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