Oil spike drags European equities as Middle East tensions endure
TL;DR
European stock markets opened lower as fears of a prolonged energy disruption from the Middle East conflict weighed on sentiment, with Brent crude above $100 and WTI near $96 after sanctions waivers and reserves releases; Iran’s blocker of Hormuz kept supply concerns intact, while UK GDP was flat in January, Asian equities fell, and U.S. futures showed mixed moves.
Topics:businessmarkets#brent-crude#energy-supply#european-stocks#markets#middle-east-tensions#oil-prices
- European stocks set to slide further as oil prices stay above $100 a barrel CNBC
- Stocks Selloff Continues as Oil Prices Soar Barron's
- European shares close lower as oil surge sparks inflation worries, rate hike bets Reuters
- European Stocks Set for Second Weekly Drop as Iran War Weighs Bloomberg.com
- European indexes slip with no signs of de-escalation in Middle East conflict (EUR:USD:) Seeking Alpha
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