FTSE 100 drops on weak China data; soaring crude prices lift oil majors


Reuters | London | Updated: 16-09-2019 13:11 IST | Created: 16-09-2019 13:05 IST
FTSE 100 drops on weak China data; soaring crude prices lift oil majors
Image Credit: Flickr
  • Country:
  • United Kingdom

UK's main index retreated after four days of gains as weak China data stoked global growth worries, while oil majors jumped 3% after crude oil prices surged following attacks on Saudi Arabian oil facilities.

The FTSE 100 fell 0.2% by 0719 GMT, with the FTSE 250 also down by the same level. BP and Shell were up as the attacks on Saturday shut about 5% of global supply.

Airline and cruise operator stocks including British Airways owner IAG and cruise company Carnival fell more than 2% due to higher oil prices.

Also Read: China Relaxes Import Regulations to Improve Access and Availability of Affordable Medicines

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Give Feedback