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Evening Standard
Evening Standard
Business
Eva Castanedo

Shares fall as oil surge fuels inflation fears

Rising oil prices are fuelling inflation woes (Brian Lawless/PA) - (PA Wire)

Stock prices in London closed lower on Thursday, as oil prices surged above 105 dollars and hotter-than-expected US producer inflation fuelled concerns, while the European Central Bank raised interest rates as expected.

The FTSE 100 index closed down 61.14 points, 0.6%, at 10,608.92. The FTSE 250 ended down 222.72 points, 0.9%, at 23,885.94, and the IM all-share closed down 8.30 points, 1.0%, at 787.95.

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