Sydney, Oct 29, 2007 (ABN Newswire) - The share market started the week?s trading on a strong note. Oil firms led the market higher after oil futures jumped more than US$1 to a new record.

The market was also buoyed by plenty of corporate action including Jubilee Mines which surged after Xstrata announced a takeover bid and Geodynamics which jumped on a joint venture deal with Origin Energy.

And the S&P/ASX 200 Index closed 92 points higher to 6792, and on the futures market the SPI 200 rose 95 points.

The full report is available at the following video and audio links.

Video Link

http://abnnewswire.net/fnnlnk/3J6U90Z1


Audio Link

http://abnnewswire.net/lnk/P411XJ0V




Source: Finance News Network © 2007 http://www.finnewsnetwork.com.au

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