Europe's Energy Stocks Slide Despite Oil Ticking Upwards -- Market Talk

Dow Jones01-08

0854 GMT - The majority of Europe's energy stocks fall in early morning trade despite a slight rise in oil prices. Brent is up 0.2% to $60.06 a barrel, while WTI edges 0.3% higher at $56.16 a barrel. Shares in energy companies tend to rise when prices tick upward but investors remain cautious about the outlook for oil. There are fears Venezuelan crude could flow into an already saturated market. Meanwhile, Shell's fourth-quarter update issued Thursday points to a weaker-than-expected end to the year. The London-based energy giant leads Europe's fallers, trading down 2%. British peer BP slides 0.8% while Harbour Energy drops 1.1%. Spain's Repsol is down 0.8%.(adam.whittaker@wsj.com)

(END) Dow Jones Newswires

January 08, 2026 03:54 ET (08:54 GMT)

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