Miners and oils rise on FTSE 100 following Federal Reserve comments

The cost of oil rose to above $82 per barrel thanks to the weakening of the dollar caused by the US Federal Reserve saying it would keep interest rates on hold.

By 14:15 shares in miner Fresnillo were up 2.97 per cent to 850.50 pence per share, Kazakhmys shares rose 2.14 per cent to 1,528.00 pence per share, Lonmin shares were up 1.56 per cent to 2,012.00 pence per share, Vedanta Resources shares increased 1.87 per cent to 2,772.00 pence per share and Xstrata shares in rose 1.59 per cent to 1,183.50 pence per share.

The oil giants also made gains with BG Group shares rising 0.35 per cent to 1,177.00 pence per share, BP shares up 0.92 per cent to 628.20 pence per share, Cairn Energy shares increased 2.29 per cent to 389.20 pence per share, Royal Dutch Shell shares rose 1.57 per cent to 57.67 pence per share and Tullow Oil shares were up 0.39 per cent to 1,288.00 pence per share.

Overall the FTSE 100 was up 0.44 per cent to 5,645.11.