LONDON (AFP) - The FTSE 100 was lower on Wednesday, mirroring stock exchanges across Europe which were dragged down by concern over falling oil prices, traders said.

Equities fell "after a significant shift of opinion on Wall Street last night about the benefits of lower oil prices," said CMC Markets dealer Matt Buckland.

He noted that slowing oil prices caused by falling demand "serves as something of a reminder" about the weak global economy.

By late morning trade, the FTSE showed a loss of 1.88 percent at 5,515.20 points.

Heading the losers board was Enterprise Inns, which slumped 11.31 percent to 272.50 pence. The pub owner dived after rival Punch Taverns had posted weak earnings, dealers said.

Punch Taverns tumbled 15.86 percent to 266.50 pence on the FTSE 250.

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