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Recession fears drag FTSE down: Royal Dutch Shell was 5% lower with rival BP down 1%

Energy stocks were the other big losers as oil prices slid to a 14 month lows near 71 US dollars a barrel. Royal Dutch Shell was 5% lower with rival BP down 1%.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment.

Time to sell oil and buy shares

Even oil giant Shell, which last week reported record first-quarter profits of $7.8 billion (£3.9billion) admitted that it did not know why prices had shot up to their current levels, because there was no real shortage of supply.

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net, and shellwikipedia.com, are owned by John Donovan - more information here. There is also a Wikipedia segment.