European stocks set for biggest quarterly drop since 2020

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Reuters

By Elizabeth Howcroft and Samuel Indyk LONDON (Reuters) – European stocks were little changed on Thursday, holding near recent one-month highs but set for the biggest quarterly drop since the start of 2020, while oil prices fell and eastern Ukraine braced for fresh attacks. Asian shares fell and oil prices plunged following news that the United States was considering releasing up to 180 million barrels from its strategic petroleum reserve as part of a move to lower fuel prices. Brent crude futures were down 3.7% at $109.28, while U.S. West Texas Intermediate futures were down 4.7% at $102.76. …

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