Oil price effects revealed as FTSE racks up losses

The threat to investor confidence from rising oil prices was exposed today as the London market racked up heavy losses for a second session in a row.

Oil price effects revealed as FTSE racks up losses
Mon, 22 Nov, 2004 - 18:41

The threat to investor confidence from rising oil prices was exposed today as the London market racked up heavy losses for a second session in a row.

Concerns over supply shortages and a potential cut in output by oil cartel Opec were strong enough to send the cost of crude back towards the $50 mark.

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