European shares set to extend winning streak on oil surge

Updated:7 years, 5 months ago

New Delhi, May 18 (ANI): European shares dipped in morning trade but were on course for eight straight weeks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over Italy. After a turbulent start to the year, equities in Europe have been buoyed by a surge in crude prices - topping $80 a barrel on Thursday that has continued to ease worries that currency headwinds could erode earnings for export oriented companies.

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