Oil Price Slide Continues, FTSE Energy Shares Fall
December 1, 2014 11:16 am
The post OPEC meeting oil price slide continued on monday as US crude fell as low as $64 / barrel before recovering to $65. Brent crude also fell to $67.82 during the Asian session, the lowest since October 2009 before recovering to just below $69 barrel.
The fall has continued to weigh on FTSE100 energy shares, with Tullow Oil (TLW.L) falling nearly 9% before recovering slightly to be trading around 5% down and BG Group (BG.L) also down 4%. Shares in BP have held steady this morning.
The FTSE index is currently down around 50 points at 6672.
The post OPEC meeting oil price slide continued on monday as US crude fell as low as $64 / barrel before recovering to $65. Brent crude also fell to $67.82 during the Asian session, the lowest since October 2009 before recovering to just below $69 barrel.
The fall has continued to weigh on FTSE100 energy shares, with Tullow Oil (TLW.L) falling nearly 9% before recovering slightly to be trading around 5% down and BG Group (BG.L) also down 4%. Shares in BP have held steady this morning.
The FTSE index is currently down around 50 points at 6672.
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