FTSE 100 today: Stocks pare gains as oil rebounds, BoE flags risks

The FTSE 100 experienced a slight pullback on Wednesday, as rising oil prices and warnings from the Bank of England about risks to the financial system dampened investor sentiment. The index was down 0.02% at 08:23 ET, with Germany's DAX falling 0.36% and France's CAC 40 declining 0.60%. Sterling gained 0.40% against the dollar, while Brent crude futures rose 1.54% to $97.64 a barrel, and U.S. West Texas Intermediate gained 1.19% to $90.44.

The Bank of England's Financial Policy Committee highlighted increased risks from interconnected vulnerabilities, citing factors such as the Middle East conflict, higher energy prices, rising bond yields, and AI exposure.

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