Europe Stock Rally Fizzles in Final Hour as Oil Shares Pare Gain
- Total, Shell trimmed advance after U.S. crude stockpile data
- Declines in Roche, Novartis drag health-care shares lower
Why Energy Is Bull Market's Last Great Opportunity
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A rally in European stocks ran out of steam after data showing an increase in U.S. crude stockpiles trimmed an intraday advance in oil producers.
While a surge in energy shares propped up the Stoxx Europe 600 Index for most of the day, the broader benchmark gave up almost all of its gains in the final hour of trading as advances in Total SA and Royal Dutch Shell Plc diminished. The Stoxx 600 rose 0.1 percent at the close of trading, after climbing as much as 1.2 percent.