European Indexes Slip

Falling energy prices weighed on markets

In London Wednesday, the FTSE 100 index ended the session in the red, hit by energy and banking stocks. West Texas Intermediate crude oil slipped further to US$54.31 per barrel after Belarus said a compromise had been found to restart export of Russian oil. EIA inventories were mixed showing a draw in crude but a build in gasoline stocks. BP (BP; -0.47%) and BG (-0.47%) cooled off. Wall Street traded lower due to the fall in crude prices. The US$ rallied against major currencies after figures showed a narrower-than-expected US trade deficit. The pound exchanged hands at US$1.9337.

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