LIVE: FTSE and US stocks down as oil dips ahead of delayed OPEC+ meeting

Markets were lower almost across the board on Monday, with the FTSE 100 dragged down by oil and mining stocks, reflecting uncertainty felt by investors ahead of the delayed OPEC+ meeting on Thursday.

Oil prices also fell amid uncertainty about the direction of production cuts by the cartel, with brent crude (BZ=F) around 0.3% lower by the end of the day in Europe, and crude (CL=F) down 0.2%. Crude was trading at $75.40 (£59.58) per barrel, while brent crude was as low as $80.33 per barrel.

The FTSE 100 (^FTSE) was almost 0.3% lower by the closing bell, Germany's DAX (^GDAXI) was down 0.2% and the CAC (^FCHI) in Paris was down 0.2%.

Meanwhile, major US indexes were trading lower, with the S&P 500 (^GSPC) down 0.2%, and the Dow (^DJI) and the Nasdaq (^IXIC) falling 0.2% and 0.1% respectively.

Both Saudi Arabia and Russia — two of the nations producing the most oil — are expected to deepen supply cuts after leading the group in curbing supply earlier this year.

Index heavyweights Shell and BP were all among the top fallers on Monday in London in early trade. Shell (SHEL.L) was down 0.7% by the end of the day, while BP (BP.L) had regained ground to trade almost flat.

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