FTSE Below 6,000 Barrier As Oil Hits $37

The FTSE 100 has joined other global stock markets in bleeding value, with investors fleeing commodity stocks as oil prices tumble and a US interest rate hike looms. London's premier share index shed 135 points or 2.2% during trading on Friday, to close at 5,952. It equated to a loss, in value terms, of £34bn on Friday alone following a week of woe that saw the FTSE lose ground each day - spelling further bad news for pension pots and other investments.