By Malcolm Stacey | Saturday 9 September 2023
Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Wallowers. Another development enhances my list of reasons why the Footsie may soar between now and Yuletide. The oil price is rising again. That will, of course, boost shares like BP (BP.) and Shell (SHEL) as well as some of the minor producers. As the former giants are big components of the big share index we can expect an expanding oil price to whack up most share in the big companies, as a healthier Footsie usually puts general sentiment on an optimistic footing.
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