The FTSE 100 index has fallen 12.5 points, or 0.2%, to 6023.8 in early trading led by BP and Royal Dutch Shell, as oil prices head for the first decline in a week.
Mining companies including Rio Tinto have limited the slide after silver rallied by the most since 1979 and Citigroup said it expects industry earnings to continue to rise. BP, Europe's largest oil company, has dropped 3p, or 0.5%, to 665.5p. Royal Dutch Shell, Europe's second- biggest oil company, has lost 7p, or 0.4%, to 1762p. Crude oil has fallen as much as 0.8% to $63.75 a barrel in New York, set for the first decline since March 20. Silver closed at $10.735 an ounce on March 24 on the Comex division of the New York Mercantile Exchange. A 54% jump in the past 12 months has put the...
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