European shares end higher; Lufthansa rises on lower oil price
* FTSEurofirst 300 up 0.6 even as oil stocks plunge
* Lufthansa says profit to rise on lower oil prices
* Continental eyes sales growth pick-up
By Francesco Canepa
LONDON, Jan 12 (Reuters) - European shares ended higher in volatile trade on Monday as slumping oil prices lifted shares of companies that benefit from lower fuel prices, such as airline Lufthansa, helping to offset a fall in energy companies' shares.
Energy shares mirrored the fortunes of Brent crude, which slid to a new low at $47.61/barrel before staging a modest recovery late in the European day.
Traders blamed a report by analysts at bank Goldman Sachs, who cut their three-month forecasts for Brent to $42 a barrel from $80.
"Goldman Sachs' report on oil has turned up in the hands of U.S. traders and here are the results," IG strategist Vincenzo Longo said.
The STOXX 600 Oil & Gas index closed 1.3 percent lower, off its daily trough. Continuación...