B · Normal
[Hopes for U.S.-Iran negotiations heat up, European energy stocks hit their biggest drop since June] On November 2, as Washington and Tehran both signaled their willingness to negotiate to resolve the months-long conflict, oil prices fell, and European energy stocks hit their biggest drop since mid-June. Among European energy stocks, Equinor led the decline, falling 5%; BP fell 4.4%, Shell fell 3.1%, and Total fell 2.4%. The Stoxx Europe 600 Energy Index fell 2.9% at one point, its biggest drop since June 15. Air travel stocks rose on hopes of lower jet fuel prices, with TUI up 5.6%, Ryanair up 5.5% and Lufthansa up 4.2%.
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