European stocks opened slightly lower Tuesday as investors monitor the fallout from the weekend's Saudi oil attacks.
The pan-European Stoxx 600 edged 0.2% lower at 388.93 in early trade, basic resources stocks shedding 0.9% while shares of oil and gas companies continued to climb, adding a further 0.7% amid the escalating tensions in the Middle East.
Oil prices pared some of Monday's massive gains on Tuesday morning after the U.S. signaled intent to release crude reserves, but the lingering threat of military confrontation kept investor confidence relatively low.
U.S. President Donald Trump said on Monday that it was likely Iran was behind the attacks on oil plants, expected out 5% of global crude supply, but stressed that he did not want to go to war. Iran has rejected U.S. charges it was behind the attacks, while President Hassan Rouhani suggested it was a reciprocal response from Yemen's Houthi rebels.
Source : CNBC
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