Oil price worries again holding FTSE back

Fresh supply worries pushed oil prices back to record levels today and helped squash any hopes of a much-needed rally for London shares.

Thu, 12 Aug, 2004 - 15:03

Fresh supply worries pushed oil prices back to record levels today and helped squash any hopes of a much-needed rally for London shares.

The price of oil in New York was again above the $45 (€36.70) a barrel mark - adding to the nerves of investors already worried about retail sales data in the United States later today.

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