The FTSE 250 was down 0.58% at 20,428.60 at 1436 BST.
Gushing oil prices and chaos at UK airports that has seen flight cancellations for travellers during a busy half-term school holiday week saw shares in low-cost carriers easyJet and Wizz Air fall on Tuesday.
Oil prices surged beyond $120 a barrel after EU leaders agreed to ban 90% of Russian oil by the end of the year in response to Moscow’s unprovoked war on Ukraine..
Sophie Lund-Yates, lead equity analyst at Hargreaves Lansdown, said: “Brent Crude has soared to $123.5 a barrel following this development, with prices the highest they’ve been in since early March. The upwards trajectory of the oil price may well have room left to run until a solid outline of how supply is going to be sourced.”
Shares in retailers Currys and Marks & Spencer were also lower after FTSE 100 sector peer B&M Value Retail warned on profit margins as consumers started to reign in discretionary spending as Britain faces its highest level of inflation in 40 years amid a cost-of-living crisis.
FTSE 250 – Risers
Drax Group (DRX) 681.00p 3.18%
Playtech (PTEC) 566.50p 2.53%
CMC Markets (CMCX) 319.50p 2.40%
Mitie Group (MTO) 57.30p 2.32%
Ferrexpo (FXPO) 181.70p 2.31%
Indivior (INDV) 333.40p 2.21%
Centrica (CNA) 78.98p 1.99%
FirstGroup (FGP) 135.90p 1.95%
TI Fluid Systems (TIFS) 180.60p 1.92%
The Renewables Infrastructure Group Limited (TRIG) 132.80p 1.84%
FTSE 250 – Fallers
Wizz Air Holdings (WIZZ) 2,882.00p -6.85%
Trustpilot Group (TRST) 98.80p -5.73%
Currys (CURY) 83.95p -4.22%
Auction Technology Group (ATG) 1,028.00p -3.93%
BH Macro Ltd. GBP Shares (BHMG) 4,205.00p -3.78%
Bridgepoint Group (Reg S) (BPT) 310.40p -3.66%
easyJet (EZJ) 515.60p -3.66%
TR Property Inv Trust (TRY) 404.50p -3.58%
Baillie Gifford US Growth Trust (USA) 170.20p -3.19%
Marks & Spencer Group (MKS) 147.50p -3.15%