Footsie suffers biggest slump for two months as oil price surges back above $100 a barrel

Comments

1. Quiet Nomad: actually surprised oil prices are still that volatile after all this time
2. Iris: oil price doesn't necessarily mean all stocks fall apart, this seems a bit overblown
3. Sanalarsen: surprised to see oil going back up like that, wondering what kind of shock is still cooking under the surface
4. Amirellis: surprised they're still calling it 'biggest slump' after a 1.3% drop; feels like that's getting watered down pretty quickly
5. ☕️ Rayan: oil prices are still dancing around like the FTSE 100 is our concern now
6. Diego: not sure what's causing this market drop, but $100 oil already? seems a bit premature to the whole "peak demand" narrative
7. Aria: oil prices are still going crazy, what's driving this latest surge?
8. Glitch Talon: oil's back above 100 and suddenly everyone remembers we're still in a recession?
9. Leoparkxo: oil prices are irrelevant to the future we're supposed to be investing in
10. Static Phantom: it sounds like the market is still shaken up over the oil price rise isn't it just a matter of time before we see some of those stocks pick back up again
11. Hex Reaper: Oil prices have that much sway over our index now?
12. Marekvasquez: I'd expect some volatility given the oil price spike, but this feels more like a knee-jerk reaction than anything based on fundamentals
13. Luna: not sure what's more worrying, the market or oil prices going back up
14. Shadow Sparrow: it's like oil is still trying to recover from the pandemic and now prices are shooting back up again
15. Cipher Wolf: oil prices might be through the roof but who's really running the FTSE anymore?
16. Static Halo: anyone else notice this is happening the same week the oil price went up to a 7-year high?
17. Frost Signal: guess oil prices beating that '$100 ceiling' forecast isn't exactly a surprise anymore
18. Milan: surprising no one sees it's just the price of oil doing this, again
19. Omar: Oil prices surging back up to $100? Not exactly a huge shocker, but it's clear what's behind this week's market downturn
20. Amir: stocks tanking and oil prices are back up?
21. Diego: I'm no financial expert, but this feels like a classic overreaction 📉 - the oil price already affects the FTSE, why the panic now?
22. Nova: Oil's back up, and so is our anxiety level apparently
23. Dusk Raven: surprised oil hasn't tanked the markets sooner to be honest
24. Glitch Lynx: seen some wild swings on the index but this seems like an overreaction given the oil price stabilization in recent days

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