Oil shares lead European equities lower as crude hits new low

martes 30 de diciembre de 2014 05:03 GYT
 

* FTSEurofirst 300 down 0.5 pct

* Oil & gas stocks down 1.6 pct as Brent plunges new lows

* Next up 3.8 pct as Christmas sales trigger guidance hike

By Francesco Canepa

LONDON, Dec 30 (Reuters) - European shares fell on Tuesday, led by energy companies as Brent oil fell to a fresh 5-1/2-year low on persistent worries about a global supply glut.

The STOXX Europe 600 oil & gas index fell 1.6 percent at 0812 GMT, taking its loss for the year to 15 percent following a slump in oil prices since June, caused by ample supply at a time of still subdued global demand.

Explorers Seadrill and Tullow Oil were down around 3 percent on concerns oil major would continue to cut spending as crude prices fall.

Risk appetite was also hit by uncertainty surrounding Greece, which is heading to a January election that the leftist anti-bailout Syriza party is tipped to win.

Greek shares were flat after falling nearly 4 percent on Monday, when the parliament in Athens failed to elect a head of state, triggering the early vote.   Continuación...