Soaring oil prices bring FTSE down

London’s blue-chips shed more than 1% today after soaring oil prices and losses for heavyweight sectors undermined trading.

Fri, 09 May, 2008 - 20:31

London’s blue-chips shed more than 1% today after soaring oil prices and losses for heavyweight sectors undermined trading.

Banks and mining stocks featured on the fallers board as the FTSE 100 Index closed 66.1 points lower at 6204.7, with a tough start on Wall Street adding to the pressure.

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