0806 GMT - European oil stocks fall at the market open as trade tariffs and their impact on the global economy add to concerns about weakening demand. Oil prices plunge to a four-year low, with Brent crude down 2.3% at $61.35 a barrel and WTI down 2.4% to $58.13 a barrel--their lowest levels since February 2021. British oil majors BP and Shell fall 3.4% and 2.3%, respectively. Italy's Eni drops 3.7%, while Spain's Repsol and Portugal's Galp Energia lose more than 3.5%. Austria's OMW is 2.8% lower and France's TotalEnergies is down 2.3%. (maitane.sardon@wsj.com)
(END) Dow Jones Newswires
April 09, 2025 04:06 ET (08:06 GMT)
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