European stocks head for lower open as investors focus on oil market moves

📆 06/09/2023 11:37:00
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European stocks are heading for a lower open as investors focus on the latest oil market action after Saudi Arabia and Russia extended oil production cuts.

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Saudi Arabia, Russia extend oil cuts through 2023, boosting market pricesSaudi Arabia and Russia on Tuesday prolonged oil production cuts through the end of this year in a bid to drive market prices higher after remaining far below 2022 record levels.
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Energy stocks lead S&P 500 again, as Saudi Arabia, Russia extend crude-supply cutsEnergy stocks are leading the S&P 500 index on Tuesday, while most other sectors are in red, as Saudi Arabia and Russia extend oil supply cuts.
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