FTSE 100 live: BP and Shell lose steam to drag London index further away from record high

Published by
City AM

By Jack Barnett London’s FTSE 100 index lost yet more ground on its march towards its record high this morning, marred by oil giants BP and Shell losing steam. The capital’s premier index shed 0.61 per cent to drop to 7,782.60 points, while the mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, fell 0.48 per cent to 19,795.94 points. BP and Shell shed nearly two per cent in early trading in the City, driven lower by oil prices stumbling. International benchmarks WTI and Brent Crude each lost more than one per cent, signalling recession concerns are reentering inve…

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