Shares in European Oil Majors Fall as Oil Dips -- Market Talk

Dow Jones04-15

0734 GMT - Shares in European oil-and-gas majors are down as oil prices have dipped despite heightened Middle East tensions. "This decline could be a sign that the market believes enough bad news is already in the price," XTB analyst Kathleen Brooks says in a market comment. Brooks adds that oil could remain range-bound unless there is a serious escalation in the Iran-Israel attacks. If Israel indeed doesn't act with the restraint asked of it by its allies, prices could rise above $100 a barrel, she says. Shares in Shell, BP and TotalEnergies are down 1.5%, 2.5% and 0.4% at 2,894.00 pence, 525.60 pence and EUR68.81, respectively. (christian.moess@wsj.com)

(END) Dow Jones Newswires

April 15, 2024 03:36 ET (07:36 GMT)

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Shares in Shell, BP and TotalEnergies are down 1.5%, 2.5% and 0.4% at 2,894.00 pence, 525.60 pence and EUR68.81, respectively. 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