FTSE slips under oil pressure

The FTSE 100 index closed down at its lowest level for two months, having lost 50 points or 1.1%, to 4,564.5, as the oil price retreated later in the day from continuing losses, albeit the retreat was by this stage too late. Earlier in the day, New York oil future rose to $55.67 a barrel but dropped back to $54.62 just before close of business in London, thanks largely to the Norwegian government’s move to tackle a dispute between its own unions and companies. Shares of British Airways dropped 2.25p or 1.09% to 203.75, having earlier in the day fallen as much as 2.2% while rival Ryanair...