FTSE 100 Gains Limited by Oil Price Drop ...Middle East

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FTSE 100 Gains Limited by Oil Price Drop
source : OILPRICE ( Middle East ) () 84
The FTSE 100 made minor gains on Tuesday but London’s blue-chip stocks rebound was held back by the falling price of oil. The UK’s flagship index nudged up 0.3 per cent in early trading to around 8,783. But significant gains were held back by a slump from oil giants BP and Shell. BP topped the fallers down over five per cent to near 366p while Shell was not far behind at four per cent. The oil majors had benefitted from a surge in oil prices as Middle Eastern conflict escalated and analysts had praised the firm’s for “keeping…

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