Summary
NOW it's the Russians. Oil jumped another $1 to $37 a barrel as major producer Yukos hinted that it might cut supplies in its standoff with president Vladimir Putin. Coming just a day after terrorist attacks on Iraqi output, the warning has sent the price leaping from the $33 low seen just a few weeks ago.
Risks of higher fuel prices was all the market needed. The Footsie closed down 32.6 points at 4370.7 and overseas markets also turned bearish. Germany and France fell about 1pc each.See the full content of this document
Extract
Oil Puts Skids Under Footsie ; Market Report
Wobbly US data on jobs and the service sector left Wall Street's Dow Jones index down 78 points by mid-afternoon.
British Airways was among the heaviest hit, falling 61/2p to 263p. Other boom and bust 'cyclicals' suffered. R...See the full content of this document
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