Wednesday, March 28, 2007

European stocks edge down as oil prices rise

(Reuters) - European stock markets drifted lower on Wednesday, as a 1.7 percent jump in U.S. crude oil prices to $64 a barrel supported oil firms Total and BP but hit the broader market.

Oil prices had briefly spiked above $68 on a rumour, quickly dismissed by the United States, of a conflict involving Iran.


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