(MENAFN- ProactiveInvestors) The FTSE 100 ended Monday just a snick lower despite it being another choppy day for crude oil.
Standing at 6499 at the end of the session the blue-chip benchmark was a just one point lower.
Energy stocks were among the biggest losers as Brent crude tumbled below US$48 per barrel.
() and Shell () shed 3.6% and 1.7% respectively while oil services firm Weir () fell 2.4%.
Utilities SSE () and British Gas owner () were down 6% and 3.2% respectively.
Mining companies Antofagasta () Glencore () and () were also among Monday’s losers.
() was Monday’s top FTSE stock with a 3.1% gain after upgraded its view on the aerospace engineering firm.
Support services group Compass () and () were also among those in the positive column.
() was the hardest hit in the oil and gas sector as performance problems at an oilfield in the Kurdistan region of Iraq have caused nearly 200mln barrels of reserves to be struck off and about 1bn barrels of resources to be cancelled.
Shares in the oil firm fell 30% on Monday morning
Elsewhere white goods firm AO World () was up 7.5% at 265p as it reported strong Christmas sales and confirmed it is on course to meet full year targets is leading gains.
The troubled insurance outsourcer Quindell () shot up by 25% as it announced the appointment of two experienced and well regarded independent directors.
Shares in AIM-listed low-cost airline () added 16% as it posted its first underlying monthly profit and carried its millionth passenger.
Wood chip firm Group () also added more than 13% as it secured two significant high-volume supply contracts for 2015.
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