Late oil surge hits FTSE before close

A late surge in oil prices dashed hopes of a positive start to the trading week in London.

Late oil surge hits FTSE before close
Mon, 24 May, 2004 - 18:18

A late surge in oil prices dashed hopes of a positive start to the trading week in London.

The FTSE 100 Index advanced more than 34 points in the first two hours of trading, but saw its gains slowly eroded until it closed the session 2.5 points lower at 4428.9.

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