European Energy Majors Fall as Oil Drops Below $100 a Barrel -- Market Talk

Dow Jones04-08

0723 GMT - European energy stocks fell at the opening bell after oil prices dropped below $100 a barrel following the two-week cease-fire deal between the U.S. and Iran. London-listed oil majors BP and Shell were down 7.8% and 6.3%, respectively. Equinor, Repsol and TotalEnergies shares were down 9.6%, 8.2% and 5.35%, respectively. In early European trading, the front-month Brent contract for June delivery slid 15% to $92.90 a barrel, while West Texas Intermediate futures for May fell 18% to $94.63 a barrel. (ian.walker@wsj.com)

(END) Dow Jones Newswires

April 08, 2026 03:23 ET (07:23 GMT)

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