In the UK stocks have fallen in early trading, led by BP and Royal Dutch Shell as oil trades near a six-month low, the FTSE 100 Index slipping 6.4 points, or 0.1%, to 5859.8 so far.
BP has lost 1% to 573.5p while Shell has declined 0.5% to 1,715. British Gas has also lost 1.4% to 636.5p. Crude oil yesterday dropped below $60 for the first time in six months after a US government report showed supplies of distillates, including heating oil and diesel, increased twice as much as expected. The contract for November delivery was up 37 cents, or 0.6%, at $61.11 a barrel in after-hours electronic trading in New York and traded at $61.05 a barrel in Singapore. Rio Tinto Group and Anglo American have limited the decline after copper climbed in Shanghai. Rio Tinto has ...
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