Business · Markets · 3 days ago
Higher oil prices weigh on UK stocks as Tesco shares rise
UK stocks ended lower, but the FTSE 100 fell less than major European markets.
Oil prices rose amid reports of possible US strikes on Iran, Houthi threats to Saudi oil facilities, and reduced offshore production near the Gulf of Mexico.
Higher oil prices can add to inflation worries and pressure markets.
Tesco shares helped limit the FTSE 100’s decline.
Sources
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