Last updated: January 16, 2018

Oil price declines weigh on European markets

People walk through the lobby of the London Stock Exchange in LondonMixed results from the continent's banking sector and losses in the mining sector pushed the pan-European STOXX 600 index down 0.6 percent. The losses came after oil prices fell 1.18 percent on Wednesday as investors grew increasingly doubtful that OPEC members will agree to cut output and as U.S. inventories staged a surprisingly large increase. The market is starting to question whether the OPEC agreement reached a couple of weeks ago is really as solid as originally thought," Investec economist Ryan Djajasaputra said.



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