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Falling oil price hinders FTSE 100



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(Close): After closing at a four-month high on Tuesday, the FTSE 100 index fell back as a drop in oil prices hit energy stocks.

The FTSE 100 closed down 0.2% at 6,860 with shares in Tullow Oil down 5.15% and BP down 1%.

Oil prices lost some ground after their recent rebound. Brent crude dropped $1.92 to $55.99 a barrel, while US crude fell $2.32 to $50.28.

Shares in Sky closed up 1.3% after it posted a strong rise in customers.

Sky said it had added 204,000 new customers in the UK and Ireland during the second half of 2014, its highest growth for nine years.

Hargreaves Lansdown shares closed 7.6% lower, making it the worst performing FTSE 100 stock, after it said half-year profits fell 2% to £101.9m.

The investment platform also reported a slowdown in net fund inflows over the period.

Shares in tool hire firm HSS made a weak start on their first day of trading on the stock market. Having been priced at 210p each - which was at the bottom end of the indicated price range - they fell back to about 200p.

On the currency markets, the pound fell 0.29% against the dollar to $1.521 and rose 0.90% against the euro to €1.333.