Telegraph.co.uk | FTSE 100 closes higher ahead of Fed meeting as oil bounces back to $33 Telegraph.co.uk The investment bank said many of the oil majors were sitting on the “wrong side of the cost curve” and, as a result, it expects “growing balance sheet risk over time”. Oil prices have collapsed amid “rising recession fears and panic risk appetite ... Stock markets rally as oil rises to $32 a barrel FTSE 100 falls as oil prices return to the red |