The FTSE 100 is nearing 11,000 points as another surge in oil prices helped to fuel the blue-chip index to close near an all-time high. Diageo, closed up 3.32 per cent week this week after boss 'Drastic Dave' unveiled a £740million Diageo cost-cutting drive. The FTSE 100 has long struggled to keep up with US markets because of the lack of fashionable technology stocks. Mining stocks have gained from demand for commodities such as copper, while energy majors have been supported by higher oil prices. It forms part of a growing momentum in global equities, with both the S&P 500 and Nasdaq expected to finish the week higher.