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Oil majors, Fresnillo drag FTSE lower

Published 07/17/2019, 03:21 PM
Updated 07/17/2019, 03:30 PM
Oil majors, Fresnillo drag FTSE lower
UK100
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BP
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SHEL
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FRES
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FTMC
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(For a live blog on European stocks, type LIVE/ in an Eikon
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* FTSE 100, FTSE 250 down 0.1%
* Oil firms drag on main index
* Fresnillo down after cutting FY production view

July 17 (Reuters) - Oil majors pulled London's main index
lower on Wednesday as stock market investors priced in an
overnight slide in crude to one-week lows, while miner Fresnillo
tumbled on a cut in its annual production forecast.
Shares of Shell RDSa.L and BP.L were by far the biggest
drags on the blue-chip index in early deals, pulling the FTSE
100 .FTSE 0.1% lower by 0707 GMT. The mid-cap FTSE 250 .FTMC
also dipped around 0.1%.
Precious metals miner Fresnillo FRES.L slid almost 5% to
the bottom of the FTSE 100 after it cut its annual production
targets, citing lower-than-expected ore grades and construction
delays at a gold mine in Mexico.

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