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FTSE 100 ends higher after jump in oil prices, Wall Street struggles ahead of Fed decision The UK blue chip index moved higher while US markets remain cautious ahead of Federal Reserve announcements FTSE 100 closes up 19 points S&P 500 drops flat after opening surge Sainsbury falls after COVID-19 costs 5.10pm: London s leading index pulls out a win The FTSE 100 ended Wednesday up 19 points, 0.3%, at 6,964, while the FTSE 250 added 7 points to finish at 22,440. Oil prices jumped after weekly crude stockpile data fell short of expectations, IG Chief Market Analyst Chris Beauchamp noted. Oil firms in London and on Wall Street have felt the benefit, as the commodity itself rallies, building on the gains made so far this week, Beauchamp wrote. As with equities, it has been unwise to assume the oil rally of recent months has come to an end, and a few more indications of strengthening demand could see oil recover the highs of March.

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