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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/encouraging-us-jobs-data-lifts-ftse.jpg"><img class="alignnone size-full" title="The FTSE 100 index has climbed 6.1 points higher to 5929.6" src="http://londonglossy.com/wp-content/uploads/2011/02/min-encouraging-us-jobs-data-lifts-ftse.jpg" alt="The FTSE 100 index has climbed 6.1 points higher to 5929.6"/></a></p>
<p>Encouraging US jobs data and earnings cheer on Wall Street has helped the FTSE 100 Index overcome initial losses sparked by the Libya and oil price crisis.</p>
<p>A more resilient start to trading on America&#8217;s Dow Jones industrial average helped the Footsie claw its way back from early session losses of 60 points to stand 6.1 points higher at 5929.6.</p>
<p>Investors were buoyed by news that jobless claims dropped by 22,000 to 391,000 last week, while a number of US firms such as Heinz delivered good news on earnings.</p>
<p>But oil prices remained a concern as the unrest in Libya continued.</p>
<p>Light sweet crude edged closer to 100 US dollars a barrel, while Brent crude stood at 114.3 dollars a barrel, having been as high as 119 dollars earlier on supply fears.</p>
<p>IG Index trader Will Hedden said the unrest had put a stop to 500,000 barrels of oil production per day and alarmed investors and businesses alike.</p>
<p>He added: &#8220;Further price increases are likely to put a serious dent in the global economic recovery and could, in a worst case scenario, potentially kick-start double-dip recessions on both sides of the Atlantic.&#8221;</p>
<p>In a busy session for corporate results, part-nationalised Royal Bank of Scotland fell 3% or 1.3p to 46p as losses of £1.1 billion came in higher than market expectations, offsetting comments from chief executive Stephen Hester that the bank&#8217;s five-year turnaround plan remained on track.</p>
<p>Lloyds Banking Group, which is due to post profits of around £2 billion in results on Friday, dropped 0.3p to 65.2p.</p>
<p>Centrica regained its poise after a shaky start, up 0.6p to 335.7p, as it reported a 29% jump in profits to £2.4 billion, a performance that included a record surplus of £742 million from its British Gas residential arm.</p>
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