Investing.com - European stock markets struggled for direction Friday, as investors digested disappointing UK growth data, French inflation numbers as well as hawkish comments from Fed chair Jerome Powell.grew by 0.1%, slowing from 0.5% growth during the second quarter, and below the 0.2% expansion the Bank of England had forecast.in France, the eurozone’s second-biggest economy, rose 1.6% year-on-year in October, revising slightly up its preliminary reading of 1.5% published late last month.
Prices were rattled by a cut in OPEC’s demand outlook this week, while US oil inventories grew nearly 2.1 million barrels in the week to November 8, pushing up concerns over a supply glut, especially as US production remained close to record highs of over 13 million barrels per day.on Thursday, had warned that robust production will see oil supplies exceed demand in 2025, even if the Organization of Petroleum Exporting Countries, and allies, left ongoing supply cuts in place.
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