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.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.