FTSE skids on oil

BP has fallen 1% to 691p, Shell has lost 1.4% to 1,929p and BG Group has declined 1.2% to 759p. Crude oil fell for a fourth day in New York after a government report showed US refineries increased output of gasoline, easing concerns about supply shortages this summer. In the mining sector, BHP Billiton has lost 2.8% to 1,139p, Anglo American has declined 3.5% to 2,332p, Rio Tinto has fallen 2.1% to 3,064p and Xstrata has slid 3.6% to 2,007p. Provident Financial has also declined 12p, or 1.9%, to 636.5p. UK door-to-door lenders such as Provident Financial and Cattles "overcharged" c...