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London Markets: FTSE 100 pushed lower as output-deal letdown drags on oil shares

U.K. stocks pulled back Monday, as dwindling expectations for an output deal in the energy industry put pressure on oil shares, but the benchmark FTSE 100 was still on course to notch another monthly advance.

The FTSE 100 UKX, -0.43% fell 0.3% to 6,974.69. All sectors were lower except for the utility and basic materials groups.

Decliners included Royal Dutch Shell PLC RDSB, -1.37%RDS.B, -1.14% and BP PLC BP., -1.48%BP, -0.89% , with shares of the oil companies losing 1.3% and 1.5%, respectively. The moves came after talks over the weekend between major oil producers failed to deliver final plans to implement an output cut.

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