European markets set to open lower as oil prices jump despite reserve release
CNBC·2026-03-12 06:45
In this articleXOMRADA-ILABVX-FRAn oil pumpjack operates in the Inglewood Oil Field on March 10, 2026 near Los Angeles, California. Mario Tama | Getty ImagesLONDON — European stocks edged lower on Thursday as investors monitored the Iran war and volatile global oil prices.The pan-European Stoxx 600 opened down 0.5% before paring losses to trade down 0.2% at around 12 p.m. GMT, with underlying sectors painting a mixed picture. Chemicals, industrials and mining stocks led gains, while bank stocks dragged on t ...