Record oil prices lean on ISEQ

Record oil prices stopped the ISEQ-index in its tracks this morning causing the market to shed 26.17 points at 7905.10.

Oil prices rose to record highs as tensions between Iraq and Turkey and concerns over global supply put further pressure on crude costs.

Amidst the atmosphere of pessimism on the Irish trading floor the building market also failed to prevent further losses as CRH fell 30c at €27.40 with Grafton losing 27c at €8.17.

Elsewhere the financial big guns managed to keep a steady hand as AIB recorded a 17c jump to €16.80.

Anglo climbed 10c at €12.40 with Bank of Ireland up6c at €12.40 also. IL&P climbed 5c at €15.45.