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UK stock indices ended May 2023 with losses of more than 5%, with the FTSE 100 down 5.4%. Concerns about the global economy, higher borrowing costs and the US debt ceiling weighed on shares.
A drop in the oil price hurt BP and Shell.
Lower oil prices reduce energy-sector equity values and can signal weaker energy demand, though the effect on feed input costs is indirect.
ii.co.ukJun 1, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
