FTSE 100 Live: Oil near $100 as index falls, holidays firm pulls guidance

FTSE 100 Live: Oil near $100 as index falls, holidays firm pulls guidance

The return of the Brent Crude oil price to $100 a barrel today heaped more pressure on the FTSE 100 index.

FTSE 100 falls after oil briefly trades above $100

The FTSE 100 was on the back foot again on Thursday after oil prices breached the $100 mark in Asian trading overnight. Despite the IEA ordering the release of 400 million barrels of oil to help bring prices down, traders couldn’t ignore the risk that the Strait of Hormuz would remain closed for an extended […] The post FTSE 100 falls after oil briefly trades above $100 appeared first on UK Investor Magazine.

UK Stock Market Today: FTSE 100 Slides as Oil Jumps, BoE Cut Bets Take Another Hit

London’s FTSE 100 dropped 0.7% in early trade Thursday as Brent crude topped $100 a barrel following new Gulf shipping attacks. Travel firm On the Beach suspended its profit forecast, citing weaker holiday demand tied to Middle East conflict. Legal & General shares fell 5% after missing profit targets. TP ICAP rose 3.5% on stronger trading results. The post UK Stock Market Today: FTSE 100 Slides as Oil Jumps, BoE Cut Bets Take Another Hit appear…