U.K. stocks dipped Thursday, with oil shares moving lower ahead of a production decision from the Organization of the Petroleum Exporting Countries. The FTSE 100 UKX, -0.19>#/span### was down 3.2 point at 7,511.90 as energy, tech and telecom shares declined. The utilities sector, considered a defensive one, and financials were moving higher. The index on Wednesday flipped higher to close up by 0.4%. The oil industry will be in focus Thursday as OPEC is expected to announce its highly anticipated decision on whether to extend production cuts. Cuts were initially put in place in November as a way to tackle global oversupply.via