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Hydrocarbon: Lower oil prices this Friday

25/03/2022
Categories: Raw materials

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Oil and weak consumer confidence data keep the FTSE 100 under pressure. The FTSE 100 fell 0.2% at 0808 GMT, while the domestically oriented mid-cap index rose 0.1%.

Amid concerns about high inflation, lower oil prices and weak consumer confidence data are slowing economic growth. Britain's oil and gas index slid 0.6% on weak crude futures. European Union countries remain divided over the imposition of an oil embargo on Russia. Petropavlovsk fell nearly 33% after the London-listed gold miner said it would miss an interest payment due on Friday after Britain froze the assets of its main creditor Gazprombank.

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