BUZZ-Strong oil, weak sterling boost Shell, BP

LONDON, Oct 7 (Reuters) -

** Royal Dutch Shell up 2 pct, BP up 1.5pct, and Shell up 8.7 percent this week while BP is up 7.6percent over the same period, supported by gains in oil pricesand the weakening of the British pound.

** Oil prices have risen nearly 11 percent since OPEC agreedon a modest output curb in a meeting at Algiers on Sept. 29.

** Sterling recouped some losses after plunging almost 10percent on Friday amid growing fears of a "hard" exit by Britainfrom the European Union that sent a shiver through world stocksmarkets ahead of U.S. jobs data.

** Investors have shifted funds into London-listed companiesissuing U.S. dollar denominated dividends in recent months.

BP