Morning Markets: Oil price bounce puts FTSE back in the red

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The FTSE 100 awoke to fears of another lacklustre day amid bull runs in the oil price triggered by co...

The FTSE 100 awoke to fears of another lacklustre day amid bull runs in the oil price triggered by concerns Russia will react to the US and Poland’s missile defence shield plans. Amongst the top early fallers were travel outfits on fuel price fears – Thomas Cook was the biggest loser down 5% to 205.25p and British Airways lost 3.43%, down to 232p. Metal prices rose along oil this morning, causing a 4.28% rise for Eurasian Natural Resources in early trading, up to 1071p, and Tullow Oil also benefitet, it was up 2.43% to 759.5p. Rio Tinto, Drax Group and Xstrata followed suit. Marks & ...

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