Stock prices in London closed in the red on Wednesday, as markets wait for the US rate decision and after the Iran war’s latest developments sent the price of oil rocketing amid fears of a “supply crisis”.
Brent oil was quoted at 108.21 dollars a barrel at the time of the London equities close on Wednesday, up from 101.95 late on Tuesday. Although below the conflict’s peak of 119.25, this remains well above the 73.08 level recorded on February 27, before tensions escalated.
