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FTSE 100 drifts lower as oil price pushes higher

Brent crude climbed 1.3% to $89.07 a barrel as higher mortgage rates and weak UK house prices hit builders.

Summary by The Independent
The FTSE 100 index closed down 29.81 points, 0.3%, at 10,720.30.

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FTSE 100 drifts lower as oil price pushes higher

The FTSE 100 index closed down 29.81 points, 0.3%, at 10,720.30.

·London, United Kingdom
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FTSE 100 Falls for Sixth Straight Session as Consumer Stocks Weigh

London’s FTSE 100 extended its losing streak to six sessions on Monday, falling 0.3% to 10,720.30, its lowest close in more than three weeks. The FTSE 250 dropped 0.7% toRead More...

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The Independent broke the news in London, United Kingdom on Monday, August 17, 2026.
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