Sainsbury rises on Goldman upgrade
Both FTSE 100, FTSE 250 eye weekly gains
Berkeley down after flagging subdued housing market demand
Both FTSE 100 and FTSE 250 up 0.4

Dec 8 Reuters The UK39;s FTSE 100 advanced on Friday, as higher crude oil prices lifted energy stocks, while shares of Anglo American dropped after the global miner made deep cuts to its capital expenditure plan in the face of weak demand.

The bluechip FTSE 100 gained 0.4, hitting its highest level since Oct. 19, and the more domestically focussed FTSE 250 midcap index also rose by a similar margin.

Heavyweight energy stocks jumped 1.2, after Saudi Arabia and Russia called for more OPEC members to join output cuts, driving up crude oil prices.

Both the FTSE 100 and the midcap index eye weekly gains, with travel and leisure set to be the best performing FTSE 350 sector this week and precious metal miners the worst.

Limiting gains, Anglo American slipped 5.2 after the global miner said it was aiming to cut capital expenditure by 1.8 billion by 2026, citing weak demand for most metals it mines and a huge writedown on its British fertiliser project.

Focus will be on the crucial U.S. November nonfarm payrolls report, which is expected to show job growth in the world39;s biggest economy likely picked up in the previous month.

Investors are naturally cautious at the moment but with data in the last week or so being fairly good … it39;s been positive in terms of sentiment, said Christopher Peters,…