European energy stocks slip as oil slides on easing geopolitical risk
European energy stocks open lower Friday as oil prices keep sliding, with the move linked to perceptions that geopolitical risks are moderating.
European energy stocks opened lower Friday morning as oil prices continued to slide. MUFG's Soojin Kim said the pullback in prices largely reflects a perception that geopolitical risks are moderating. Diplomatic efforts are stepping up, while China and other partners are reported to have urged Iran.