Europe follows Asia lower as oil rises – CNBC

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On the Stoxx 600 and FTSE index, some of the best performers were miners, including Anglo American, BHP Billiton, Glencore
and Antofagasta up around 3 to 4.5 percent, on the back of a solid rise in metal and oil prices.

ArcelorMittal soared above 9 percent, after Goldman Sachs raised its target price on the stock.

After a strong rally on Wednesday, oil prices continued their positive streak on Thursday, hovering around and above $50 a barrel, on signs that a global glut was softening. Prices also benefited from new U.S. government data, which showed crude inventories had fallen 4.2 million barrels in the previous week.

Overseas, U.S. markets opened higher while in Asia, markets finished mostly mixed, with investors all over the globe keeping an eye on the rising oil price. In other news, the two-day G7 Summit Japan 2016 kicked off in Ise-Shima on Thursday. Topics that are expected to be top of the agenda include the global economic outlook, trade, climate change and geopolitics.

Europe follows Asia lower as oil rises – CNBC}