Rising crude oil prices have sent the FTSE 100 index down about 37 points to 4,648, while the FTSE All-Share index is also down at 2,324.
Crude oil has risen for a sixth straight day to a new record of $54 in the US, as damage to pipelines and pumps on the Gulf of Mexico caused by hurricane Ivan have cut supplies. Standard Chartered has slipped 11p to 990.5p. Cable & Wireless has climbed 1.5p to 99.5p after its stock was upgraded to ``buy'' from ``hold'' by Citigroup analysts. Prudential is down 9.75p to 475.75p. Japan's Nikkei 225 Stock Average index has dropped to its lowest level in nearly two months after shedding 147.54 points to 11,201.81. The Index resumed trading following a public holiday yesterday. ...
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