Stocks rally as oil price fall provides relief

Oil prices edged lower, providing some ‘much-needed relief’ to the market (Brian Lawless/PA) - (PA Wire)

Stocks in London rallied on Wednesday despite news of higher inflation and an expected US rate increase, as oil prices edged lower.

In London, the FTSE 100 index ended up 30.34 points, 0.3%, at 10,688.47. The FTSE 250 advanced 251.46 points, 1.1%, at 24,070.20, and the AIM all-share climbed 5.21 points, 0.7%, to 788.36.