The FTSE 100 Index headed lower for a third session in a row today in a slump driven by sliding oil prices and fears of a Greek exit from the euro.
London’s leading share index had lost 2%, or 130.6 points, in the previous session and was again lower, by about 0.8%, to 6366, as the markets showed little sign of sparking into life after a dismal start so far to 2015.
The FTSE 100 is now nearly 200 points lower than where it ended 2014.
Oil again fell, with the price of a barrel of Brent crude slipping towards $52 to a new near-six year low. It was last lower in May 2009 and has fallen from 115 US dollars in June.
The slump is feeding through to motorists, with all four supermarkets having just announced the latest 2p cut in the cost of a litre of petrol as it heads towards £1.
