Oil price falls hit several big names in the sector on the leading FTSE 100 index and warnings from the International Monetary Fund (IMF) that the world could see a depression not seen since the 1930s. David Madden, market analyst at CMC Markets UK, said: “Equity markets in Europe are firmly in the red as the warning from the IMF yesterday has finally sunk in. In company news, the oil price falls hit Royal Dutch Shell’s “A” shares down 99p, or 6.9%, to 1,346p and BP shares fell 21.4p to 299.7p. Shares closed down 118p, or 2.27%, at 5,070p. Shares closed down 12.8p, or 9%, at 129.2p.

Source: Irish Independent April 15, 2020 16:52 UTC