Share prices largely ended the day down on the FTSE 100 index after falling oil prices and a huge FSA fine for Shell lowered the confidence in the British-listed oil giants.
The FTSE 100 indexclosed flat at 4407 while the FTSE All-Share index is still at 2189.65 and the FTSE 250 index closed up 20 points or 0.3% to 6036. Oil prices are slowing creeping down again, even though there is still heavy fighting in Iraq, and the New York October oil price was earlier seen to fall 22 cents to $45.85 compared with previous highs. In the UK, the combination of falling oil values and a £17m fine for Shell from – over its recently publicised “miscalculation” of oil reserves – for market abuse. BP, Europe's biggest oil company, slipped 4.75p or 0.97% to 484p while ...
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