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.


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Craig Erlam

Craig Erlam

Senior Market Analyst, UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam
Craig Erlam

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