* FTSE 100 up 0.2 pct
* Energy sector biggest riser as oil soars on OPEC deal
* RBS falls after failing bank stress test
* Ashtead, Zoopla, RPC hit record highs
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By Peter Hobson and Alistair Smout
LONDON, Nov 30 Britain's top share index rose on
Wednesday, led by rebounding energy stocks after oil prices
surged to their biggest one-day gain in nine months when major
producers agreed to output cuts to curb oversupply.
The blue-chip FTSE 100 index closed up 0.2 percent.
But the index still fell 2.5 percent in November, snapping a
five-month winning run.
The index has underperformed European peers this month, as
it contains many defensive stocks that have lagged as investors
have bet on a return of inflation and growth following the
election of Donald Trump as U.S. president.
The oil and gas sector is also down 1.8 percent for
November, as it has been whipsawed by speculation over
Wednesday's meeting of top oil producers in Vienna.
On Wednesday, however, the FTSE's oil and gas index
rose 4.1 percent after the price of oil shot up as
members of OPEC, the oil producers' cartel, agreed to trim
output for the first time since 2008 in a last-ditch bid to
Brent crude was last up 8 percent, its biggest gain
since February, at around $50 per barrel. Analysts have said a
successful deal by OPEC could send oil towards $60 per barrel,
which would have a big affect on UK energy stocks.
Royal Dutch Shell and BP were the FTSE 100's
biggest gainers, rising 4 percent and 3.8 percent respectively.
Energy stocks on the mid-cap FTSE 250 rose even
faster, with Tullow Oil and Cairn Energy up
around 14 percent.
Conversely, the prospect of higher fuel bills pushed easyJet
and International Consolidated Airlines Group down 2.1 percent
and 2.5 percent.
Royal Bank of Scotland lost 1.4 percent after it
failed a stress test by the Bank of England, meaning it will
have to bolster its capital buffer to address a shortfall of
some 2 billion pounds ($2.49 billion).
Barclays, Standard Chartered, Lloyds
Banking Group and HSBC all gained between 0.3
and 1.6 percent, despite Barclays and Standard Chartered failing
some parts of the test.
The test's outcome was generally reassuring, said Ipek
Ozkardeskaya, an analyst at London Capital Group.
"The results showed greater balance sheet resilience across
the UK's banking sector ... This is comforting news for all
sectors, which may face uncertain times as the UK prepares to
leave the European Union," she said.
Elsewhere, slipping gold and metals prices drove down mining
stocks, with Fresnillo, Rio Tinto and Rangold
Resources losing between 2.5 percent and 2.8 percent.
Shares in Capita fell to their lowest since 2006
after the outsourcing firm received two broker downgrades. Its
stock was down 5.9 percent, the FTSE 100's biggest faller.
Several stocks touched record high levels. Equipment rental
firm Ashtead rose 3.7 percent and touched an all-time
high after RBC raised its target price.
While overall the FTSE 250 was flat, mid-cap stock Zoopla
briefly hit its best level after the property listing
and price comparison website announced strong results and an
optimistic forecast, despite fears of a Brexit-related slowdown
on the UK housing market. It finished up 5 percent.
Packaging company RPC also struck record levels on
higher revenues and broker upgrades, and was up 7.5 percent.
(Reporting by Peter Hobson; Editing by Alison Williams)