Oil and dollar worries sees FTSE slump

The twin threat to the British economy of high oil prices and a weak US dollar deterred investors from buying UK stocks today.

Oil and dollar worries sees FTSE slump
Mon, 06 Dec, 2004 - 17:16

The twin threat to the British economy of high oil prices and a weak US dollar deterred investors from buying UK stocks today.

The FTSE 100 Index closed 25.1 points lower at 4722.8 after a hostage crisis in Saudi Arabia forced the price of crude back on to an upward path.

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CourtsBusinessHeathrowPlace: UKPlace: Saudi ArabiaPlace: USPlace: JeddahPlace: CaliforniaOrganisation: FTSEOrganisation: OPECOrganisation: BAE SystemsOrganisation: AstraZenecaOrganisation: GlaxosmithklineOrganisation: SmithsOrganisation: MedexOrganisation: mmO2Organisation: JarvisOrganisation: FootsieOrganisation: Smiths GroupOrganisation: Land SecuritiesOrganisation: Royal & Sun AllianceOrganisation: Rolls RoyceOrganisation: ITV
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