Britain's top share index fell back from opening gains on Thursday, headed by weakness in energy stocks as heavyweight Royal Dutch Shell
Royal Dutch Shell shed 3.5 percent after an oil sheen spotted near one of the firm's platforms in the central Gulf of Mexico caused the company to send a spill response vessel and seek aircraft overflights, a Shell spokeswoman said.
Traders said the knee-jerk response by Shell's share price reflected concerns that any possible Gulf of Mexco spill might be compared to BP's Deepwater Horizon rig disaster in 2010.
The falls by the heavyweight oils has soured the tentative recovery following Tuesday's sharp falls, although strength in the miners is helping to keep the FTSE fairly steady, said Richard Hunter, head of UK equities at Hargreaves Lansdown.
At 0815 GMT, the FTSE 100 <.FTSE> index was down 5.17 points, or 0.1 percent, at 5,629.57, having rallied 0.7 percent on Wednesday following a 2.3 percent drop in the previous session.
Among other big blue chip fallers, United Utilities
Citigroup has also downgraded its overall stance on UK equities to neutral from overweight, putting it on the same rating as the rest of Europe.
Weak Eurozone economies and ongoing austerity measures should remain significant drags on the UK economy over the next 12 months, Citigroup said in a global strategy review.
Banks <.FTNMX8350> fell back after early gains, weighed by falls in global heayweight HSBC
Royal Bank of Scotland
Miners <.FTNMX1770> provided the biggest underlying support for the FTSE 100, as the sector extended its recent rally helped by firmer copper prices which rose further above technical support at $8,000 a tonne as worries over the global economic outlook eased.
The Federal Reserve on Wednesday provided a reassuring assessment of the U.S. economy in its latest Beige Book summary of national activity, after Friday's data showing a sharp slowdown in U.S. jobs creation in March triggered a sell-off in global markets earlier this week.
On the domestic macro economic front, Britain's global trade deficit widened by more than expected in February, to -8.772 billion pounds, versus a -7.7 billion pounds forecast gap.
U.S. February international trade figures will be released at 1230 GMT, together with March U.S. producer prices, and the latest weekly initial jobless claims.
Back among some individual blue chip gainers, autos and aerospace parts firm GKN
Separately, the company announced a 100 MW contract in the Dominican Republic valued at about $80 million over two years.
(Editing by Alessandra Rizzo)