European Stocks Lower amid Oil Price Bounce

European stocks traded lower on Thursday, following a strong performance from Wall Street overnight and as oil prices edged slightly higher ahead of the Christmas holidays.

The pan-European STOXX 600 traded around 0.2 percent lower. The German DAX and a number of other markets were closed today, with other bourses opened for a shortened trading day.

Brent and WTI futures traded slightly higher, building on gains from Wednesday after a report from the Energy Information Administration showed U.S. crude stocks had fallen unexpectedly.

European energy stocks were boosted as a result of the rise in oil prices.


Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.