Oil majors drag European shares lower, Siemens Energy tumbles
European shares fell for a second straight session on Thursday, as lower crude prices hit oil stocks, while Siemens NSE -0.15 % Energy’s margin outlook weighed on wind energy companies.
The pan-European STOXX 600 index slipped 0.2%, with oil & gas sector falling 2.3%.
UK-listed oil majors Royal Dutch Shell and BP fell more than 2% as crude prices dropped on expectations of more supplies after a compromise between top OPEC producers.
