FTSE slips amid oil and banks squeeze

Record oil prices and weaker banking stocks took the shine off the London market’s recent three-year high today.

FTSE slips amid oil and banks squeeze
Mon, 20 Jun, 2005 - 18:25

Record oil prices and weaker banking stocks took the shine off the London market’s recent three-year high today.

The cost of a barrel of US light crude oil soared above $59 in New York – boosting the likes of BP and Shell but dragging oil-dependent stocks like British Airways lower.

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