StockMarketWire.com - Brent crude oil slid 6% to $59 per barrel amid concerns over a supply glut against a backdrop where demand could be hit by economic uncertainty.
Oil majors BP and Royal Dutch Shell both fell by up to 3.8% each on the decline, leaving the FTSE 100 trading 0.1% lower at 6,952.
US equities were subdued as traders returned to Wall Street following the Thanksgiving holiday. The Dow Jones retreated 0.3% to 24,396 by around 4:45pm UK time.
LARGE AND MID CAP RISERS AND FALLERS
Brick maker Ibstock rallied 8.2% to 236.8p on news it had sold US business Glen-Gery to Brickworks for $110m, while confirming its full-year guidance.
Marine services company James Fisher and Sons posted a 15% rise in year-to-date revenue driven by demand from the offshore wind sector. Its shares dipped 2.4% to £16.82.
HICL Infrastructure said it had won a contract to help develop the transmission line for the UK's Galloper offshore wind farm. Its shares were flat at 159.1p.
Indivior announced that Health Canada had approved its opioid addiction treatment, paving the way for it to begin sales in Canada by the second half of 2019. Its shares nudged 0.6% higher to 100.9p.
SMALL CAP RISERS AND FALLERS
Flybe soared 71.3% to 16.5p in the wake of reports Virgin Atlantic was mulling a takeover of the struggling regional airline.
Construction company Interserve slumped 7.3% to 32.4p, despite forecasting a higher annual profit, as revenue fell in its construction division and it revealed a plan to cut debt by either raising capital or selling assets.
UK brewer and pub company Fuller Smith & Turner was broadly unmoved at 930p as it posted a 12% fall in first-half profit, owing to rising costs as it expanded its footprint.
Specialist currency manager Record climbed 4.1% to 31.4p as it posted a 5% rise in first-half profit after earning its first performance fees since March 2016.
Computer vision technology company Seeing Machines shed 7.6% on news chief financial offer James Palmer was standing down for personal reasons.
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