European energy stocks slide as oil dips amid demand concerns

European energy shares dropped as oil prices dipped and demand worries resurfaced, prompting investors to favour defensive sectors.

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4 days ago

European energy stocks slide as oil dips amid demand concerns

European energy stocks slide as oil dips amid demand concerns
Shares of major European energy firms fell today after oil prices dipped amid renewed demand concerns. The slump came despite stable global equity markets, dragging sectoral indexes lower. Analysts attributed the drop to oversupply fears and weaker demand outlook in Asia. The decline weighed on broader market sentiment in Europe, with investors shifting toward defensive sectors such as utilities and staples amid rising uncertainty around the energy cycle.