Shares in Glencore (LON:GLEN) are up nearly 10 percent this morning, regaining some of the ground it has lost in the last few months and lifting the FTSE with it.

Glencore is currently trading at 112.65, up 9.94 percent (1200GMT) after reaching its highest level since November and taking gains over the past week up to 7 percent. The mining company has seen a volatile few months, as falling oil prices continue to have an impact.

The shares rose on the news of an early refinancing of it Revolving Credit Facility, making its debt more manageable. The increase in price supported the FTSE 100, which has climbed steadily since open this morning and is currently up 1.55 percent.

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