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European Stocks Close Slightly Lower as Oil Plummets; Fed Meeting In Focus


Tuesday, 17 September 2019 23:21 WIB

Stoxx 600Saham Eropa


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European stocks closed slightly lower Tuesday as investors monitored the fallout from the weekend attacks on Saudi Arabia’s oil supply.

The pan-European Stoxx 600 closed was almost 0.1% lower at 389.33, paring losses after dropping as much as 0.5% earlier in the day. Bank shares were the worst performers, down 1.9%, while food and beverages stocks led gains with a 1% rise.

Oil prices reversed course after Monday’s massive gains after a Reuters report said Saudi Arabia’s oil output would be restored to normal levels faster than initially expected. Drone attacks on two key oil facilities in the country have been the source of heightened geopolitical tension between the U.S. and Iran.

Source : CNBC


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