8 February 2021 | 16:39pm
StockMarketWire.com - The FTSE 100 closed up materially on Monday, rising xx to xxxx.xx but was off its highs amid competing catalysts around oil prices, US stimulus and Covid.
In the US stocks ascended to new record highs with the S&P 500 ahead by 0.3% to 3,897.89 at 4.30pm UK time. Bitcoin also hit a fresh record level after emerged that tech firm Tesla had invested $1.5 billion in the cryptocurrency.
FTSE heavyweights BP and Royal Dutch Shell gained 4.1% to 262.3p and 2% to £13.05 respectively after Brent crude prices reached $60 a barrel for the first time since the onset of the pandemic.