Record Crude Oil Prices Put Shares On the Skids ; Market Report
Linked as:
Summary
THE London market was flat as a pancake as soaring global oil prices more than offset any excitement about the likely bid for Marks Spencer.
Fears of supply disruption after the weekend bloodbath in Saudi Arabia sent US oil surging to a new record of $42 a barrel at one point. In London, Brent crude rose $2 to $38.59 a barrel.See the full content of this document
Extract
Record Crude Oil Prices Put Shares On the Skids ; Market Report
After the killing of 22 Westerners by Al Qaeda, traders fear prices will be driven higher, triggering a wave of inflation and a slowdown in economic growth.
Up 17 points at the opening, the Footsie quickly we...See the full content of this document
Sponsored links
