FTSE ends week down as oil drops near 2-yr low

The turbulence of the week is clearly reflected in today's trading on the UK benchmark index as the FTSE 100 lost almost 100 points and ended the week 2.5% down, while the price of crude oil dropped to a near two-year low. Oil companies such as BP and Shell dropped valuable ground thanks to a fall in the price of oil which kept it floating around a two-year low, pushing the FTSE 100 down 98.3 points or 1.9% to 5017.70 points. BP lost 24.5p or 4.3% to 544.5p while Shell - which owns 40% of the Royal Dutch/Shell Group - fell 23.5p or 4.5% to 500.5p, and between them wiped 33 points off th...