Market Report: Weak Banking Takes Shine Off Recent High

Summary


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

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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Market Report: Weak Banking Takes Shine Off Recent High

The latest increase in the cost of oil came after ongoing supply worries were compounded by a threat to Western consulates in...

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