European stocks recorded declines on Thursday after strong performance on Wall Street yesterday and rising oil prices the day before Christmas, transmitted CNBC.
The pan-European Stoxx 600 index fell by about 0.2%. Germany's DAX index and several other markets remained closed today as part of exchanges opened for a shortened session.
Futures US crude oil WTI and Brent oil recorded increases after the release of the report of the Energy Information Administration, which showed that rezevite in the US fell unexpectedly.
As a result of soaring oil prices the shares of European energy companies rose. Shares of Statoil traded over 5% up yesterday after a judge ruled that the Norwegian company did not breach its contract with Listnatata New York company Diamond Offshore Drilling. Norwegian Seadrill also grew by 4.8%.
Meanwhile, BNP Paribas announced late Wednesday it is considering "strategic alternatives" for its branch in the United States, First Hawaiian Bank, which would have helped it to meet the capital requirements by the middle of 2017, today the bank's shares traded 0.6% lower because of the warning that the company made for trezultatite for the fourth quarter.
The price of the shares of Airbus even rose 1.2% after news that the company has received an order to build two mobile communication satellites for Inmarsat.
The pharmaceutical company Sanofi does it traded 1.3 percent down on Thursday.