0943 GMT - Shares in European oil-and-gas majors are taking a hit from a sharp fall in oil prices. Brent crude oil and WTI are down more than 4% in morning trading in Europe as Middle East tensions eased and a spreading regional war seems less likely. Israel's attack on Iran over the weekend was more contained than expected and no nuclear or oil infrastructure was targeted, clearly signaling a de-escalation of tensions, Swissquote Bank analyst Ipek Ozkardeskaya says in a note. Shares in the U.K.'s Shell and BP are down 2.1% at 24.97 pounds and 2.0% at 3.97 pounds. Meanwhile, France's TotalEnergies traded lower at 1.1% at 59.64 euros. Italy's Eni and Norway's Equinor are down 1.8% at 14.17 euros and 3.9% at 271.50 Norwegian kroner, respectively. (christian.moess@wsj.com)
(END) Dow Jones Newswires
October 28, 2024 05:44 ET (09:44 GMT)
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