FTSE 100 lifted by energy shares
- Published
(Close): The FTSE closed higher as blue-chip shares built on their strong performance last week.
Saudi petroleum minister Ali Naimi's comments that the oil price would recover spurred a brief rebound in Brent crude to $63 a barrel, before it eased to $60 a barrel.
Shares in oil giants Royal Dutch Shell and BP rose sharply before closing almost flat.
The FTSE 100 index rose 31.47 points, or 0.5%, to 6576.74.
Tesco shares were down 2.4% at 181p. The Financial Reporting Council announced on Monday it would be investigating "the preparation, approval and audit" of Tesco's financial statements for the 2012, 2013 and 2014 financial years.
Shares in B&Q owner Kingfisher rose 1.8% to 330.1p after the DIY retailer said it had sold a majority stake in its B&Q China business.
Kingfisher is selling a 70% stake in the business to Wumei Holdings for £140m.
On the currency markets, the pound slipped 0.03% against the dollar to $1.5622 and fell 0.2% against the euro to €1.2754.