Rising commodity prices were not enough to prop up the London stock market as defence shares tumbled.
On a subdued day of trading, the FTSE 100 dipped 0.1 per cent, or 8.68 points, to 7934.79 and the FTSE 250 descended 0.5 per cent, or 91.23 points, to 19,763.35.
Brent crude headed towards $91 a barrel and even after giving up its gains it remains up more than 15 per cent so far this year.
The oil price has been pushed higher by conflict in the Middle East and concerns over a threat to supplies.
BP rose 1.3 per cent, or 6.7 p, to 516.6 p and Shell added 0.5 per cent, or 14.5 p, to 2828.5 p to hit a record high.
On a subdued day of trading, the FTSE 100 dipped 0.1%, or 8.68 points, to 7934.79 and the FTSE 250 descended 0.5%, or 91.23 points, to 19,763.35
In a…
