FTSE 100 Slips as Oil Drop Hits Energy Stocks
London stocks closed out the week divided. Oil and banking names dragged the main index down, but gold miners gained as investors moved into defensive plays following a steep drop in crude. FTSE 100 ends lower, energy stocks fall on easing oil The FTSE 100 dipped about 0.2% on Friday. The FTSE 250 finished with only a minor loss. Sector moves got most of the attention this week, with the index itself moving less. With Brent crude dropping as shipping picked up again at the Strait of Hormuz, Shell and BP both fell, cutting into key earnings support for the FTSE 100.