Further Slide in Oil Price Propels Ftse Towards Calmer Waters ; Market Report

Summary


A further sharp slide in oil prices helped power the London market to a positive close yesterday as travel firms and airlines soared on the lower cost of crude.

Oil slipping below EUR114 a barrel at one stage boosted blue chips in late session trading, leaving the FTSE 100 Index 11.7 points higher at 5489.2.

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Further Slide in Oil Price Propels Ftse Towards Calmer Waters ; Market Report

Weaker mining stocks and a broker downgrade for Vodafone had dragged on the London market earlier in the day, despite cheer after ...

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