European Shares Seen Up As Oil Prices Fall On Easing Supply Fears

European stocks are set to open modestly higher after oil prices retreated following a surprise inventory build in crude supplies. Iran confirmed the death of national security chief Ali Larijani, introducing geopolitical risk that could cap rallies. Expect modest, sector-specific moves (notably energy) and limited broad-market impact absent further developments.

Analysis

European stocks are set to open modestly higher after oil prices retreated following a surprise inventory build in crude supplies. Iran confirmed the death of national security chief Ali Larijani, introducing geopolitical risk that could cap rallies. Expect modest, sector-specific moves (notably energy) and limited broad-market impact absent further developments.