European Shares Drift Lower As Oil Extends Gains For Fourth Day

European stocks edged lower on Thursday as lingering Middle East tensions overshadowed a decline in U.S. bond yields following the Treasury Department’s move to dramatically ramp up government debt purchases.

Brent crude prices climbed more than 2 percent toward $94 a barrel, rising for a fourth consecutive session after U.S. President Donald Trump sharpened his rhetoric against Tehran, warning of economic consequences against any country that provided “any type of lifeline to Iran.”