BBC News | Stock markets rally as oil rises to $32 a barrel BBC News European markets closed higher and Wall Street rallied as oil jumped almost 5% on hopes for a deal to tackle the global crude glut. The FTSE 100 in London ended 0.6% higher at 5,911 points, while Frankfurt and Paris both added about 1%. Europe had ... China stocks tank amid oil rout, Fed-ticipation Chinese stocks dive more than 6% as oil falls FTSE 100 rebounds as oil rallies above $32 and traders shrug off panic selling in China |