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FTSE 100 rises above 7,000 points for first time

The FTSE 100 Index today rose to more than 7,000 points Credit: PA

The FTSE 100 Index today rose to more than 7,000 points for the first time in its history.

It rose as high as 7018.2 points as the price of a barrel of Brent crude - still less than half its value last summer - edged above $55.

World markets have also been buoyed by hopeful signs over the Greek debt crisis and London's top-flight index has also been lifted in recent days by the prospect of UK and US interest rates remaining lower for longer.

The rise boosted heavyweights Royal Dutch Shell and BP - a staple of many UK pension funds - by about 1%, with exploration firm Tullow Oil climbing nearly 3% and rival BG Group 2% up.

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