Oil prices moved lower Monday on increased pressure from US drilling activity. UK’s Tullow Oil was trading down 1.1% after an announcement to raise US$750 milllion to reduce debt. Euro Stoxx 600 oil and gas sector was down 1.16% overall, banks down 0.65%, basic resources down 0.6% and chemicals down 0.48%.
Euro Stoxx 600 down, led by oil and gas sector, down 1.16%
banks down .65%, basic resources down 0.6% and chemicals down 0.48%