FTSE 100 Plunges on Energy Stocks Slump

The FTSE 100 index has hit its two-week low due to the decline of energy stocks following a retreat in oil prices.

The slump in oil prices has had a ripple effect on the energy sector, with companies such as BP and Royal Dutch Shell experiencing significant losses. The FTSE 100 index, which is composed of the largest publicly traded companies in the UK, has also felt the impact, with many of its constituent stocks suffering from the decline in oil prices.

The news comes at a time when energy prices are already under pressure due to concerns over global demand and oversupply. The recent increase in production by OPEC countries has also contributed to the decline in oil prices.