FTSE 100 and Oil prices head lower
|The FTSE 100's rally has slowed, while the oil price has taken another dip, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
FTSE 100 rally pauses for now
A broad range of losses has hobbled the FTSE 100 today, after a relentless move to fresh highs in the early part of the session. However, while US indices have seen a slowdown too, the mood on the continent still remains bullish, buoyed by hopes of more action from the ECB and renewed flows into European equities.
Oil prices take a further dive
Demand for crude oil might still be strong, but this message hasn’t yet filtered through to the oil market. But so long as OPEC+ remains happy with softer prices we could see more production increases, since this at least serves to pressure their US shale rivals.
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