Oil price surge impacts on FTSE

Hopes of an end to the London market’s week-long losing streak were wrecked today by a poor session for insurers and another oil price hike.

Oil price surge impacts on FTSE
Mon, 18 Oct, 2004 - 12:30

Hopes of an end to the London market’s week-long losing streak were wrecked today by a poor session for insurers and another oil price hike.

The FTSE 100 Index initially rose following a strong end to the week in New York but any momentum was soon lost as the top flight swung 11 points lower before reaching mid-morning 0.2 points lower at 4622.5.

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