European Stocks Log Biggest Loss in Week

European stocks finished lower on Thursday, with the energy sector leading the losses due to the drop in crude oil prices.

The STOXX Europe 600 index closed lower by about 1%, logging its biggest decline and its lowest closing level since July 8, at 456.20 points.

Oil and gas stocks lost 2.7% amid uncertainty about a possible OPEC+ agreement.

The German DAX plunged by 1.01%, as Siemens fell by 14%.

The UK’s FTSE100 declined by 1.12%, while the French CAC40 dropped by 0.99%.