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European oil stocks advance, but indices are listless

Investors appear reluctant to make big moves before the release of minutes from the Fed's policy meeting

Wednesday 5 April 2017 at 08:24

European oil stocks advance, but indices are listless

European oil stocks showed strength Wednesday, but the moves, along with a reading of eurozone services activity at a near six-year high, didn’t translate to gains for regional indices, MarketWatch reports.

The Stoxx Europe 600 index was up less than 1 point at 380.06. Oil and gas and basic materials shares were higher, but healthcare, telecom and consumer-related stocks were in the red. The pan-European benchmark on Tuesday rose 0.2% after a choppy session.