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European shares sputter near highs but OPEC disappointment hits oil stocks 

May 26, 2017

Danilo Masoni, Reuters

"European shares struggled for direction on Thursday with investors hunting for fresh catalysts as a blistering earnings season that helped stocks surge to new highs nears its end.

An OPEC meeting in Vienna that disappointed some investors failed to move broader indexes but sent oil prices lower, making the energy sector the biggest sectoral faller in the region.

The Organization of the Petroleum Exporting Countries decided to extend cuts in oil output by nine months to March 2018 in a bid to drain a global glut that has depressed markets."

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