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Lower oil price just now adds fresh pressure on the FTSE 100
The FTSE 100 was already struggling for traction today. The index was already weighed down by losses of more than 3% amongst its major oil component stocks (BP and Shell). The recent rise to session highs in the GBP/USD has also added some downside pressure on the index. Now that IEA global oil demand forecast has sent oil prices lower and that is not helping the FTSE 100 either. Hence, the index has just now fallen to fresh session lows, as it drops towards 8,250. The index is just now trading at 8,255
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