* FTSE up 0.7 percent
* BP rises as it kills Gulf of Mexico well
* Miners rise, Gold near highs on U.S. worries
By David Brett
LONDON, Sept 20 (Reuters) - Britain's top shares rebounded on Monday after global recovery concerns prompted a flight from risk in the previous session, with BP rising after the oil major finally killed its deep-sea well in the Gulf of Mexico.
By 0800 GMT, the FTSE 100 was up 36.30 points, or 0.7 percent, at 5,544.75, having closed 0.6 percent lower on Friday, it's third straight session of losses, hurt by weak economic data from the United States and worries over Ireland's finances.
UK blue chips took their cue from a late recovery on Wall Street on Friday, when investors responded to reassuring earnings and an upbeat outlook from software firm Oracle.
In London on Monday, BP rose 1.5 percent after the top U.S. oil spill official said on Sunday that the oil major had permanently "killed" the Gulf of Mexico well that ruptured in April and unleashed the worst oil spill in U.S. history.
Energy stocks were the top performers on the FTSE. British oil services and engineering group Amec rose 1.8 percent, with Liberum Capital initiating coverage on the firm with a "buy" rating.
Miners were up, tracking base metal prices, as gold edged closed to a record high and market sentiment stayed buoyant on speculation of more quantitative easing in the United States.
Precious metal miners Fresnillo and African Barrick Gold added 0.9 and 0.5 percent, respectively.
"The drive in commodity prices is a big factor ... With the printing of money still potentially in the background, those hard commodities are seeing some gains," said Keith Bowman, analyst at Hargreaves Lansdown.
BANKS GAIN
Banks, which are sensitive to slight changes in risk appetite, were higher, with Barclays, Lloyds Banking Group and RBS.L up from 0.5 to 1 percent, all helped by target price upgrades from JPMorgan Cazenove.
Shareholders in Lloyds Banking Group are calling on the bank to buy back shares worth billions of pounds from the taxpayer, The Sunday Times said.
Highlighting the uncertainty surrounding the economic recovery in the UK, asking prices for property in England and Wales fell for a third consecutive month in September and have lost half the gains they made in the first six months of the year, a survey by property website Rightmove showed.
There is no other British economic data due for release on Monday, with little due all week to provide direction aside from the minutes from this month's Bank of England Monetary Policy Committee due on Wednesday.
"There is still an underlying feeling in the bond market that we will get further quantitative easing in the not too distant future," Hargreaves's Bowman said.
The main economic focus will be on Tuesday's Federal Reserve interest rate decision, though the U.S. central bank is not expected to make any new monetary policy moves.
However, the post-meeting statement will be closely read for signals on the debate about whether further large-scale asset purchases are needed to support the sluggish recovery.
Tesco gained 1.7 percent, helped by a note from Bernstein, which said "the year to date rerating of the sector only brings it in line with historic averages; we expect further support from inflation and increase price targets across the sector".
Top FTSE fallers were recent arrivals pump manufacturer Weir Group and insurance buyout vehicle Resolution, which fell 1 and 0.8 percent, respectively, after a strong run prior to their entry to the FTSE 100 at the index's latest reshuffle. (Editing by Will Waterman)