Financial Times FT.com

Crude falls as Iran fears ease

By Dave Shellock

Published: May 31 2006 18:50 | Last updated: May 31 2006 18:50

US and European equities rebounded on Wednesday as oil prices fell sharply on hopes of an easing of tensions over Iran?s nuclear ambitions.

But the FTSE World equity index was still heading for its worst monthly decline for 2? years after the recent eruption of nervousness about the outlook for global growth, inflation and interest rates.

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