The stock market is falling despite news about oil reserves

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The stock market is falling despite news about oil reserves
Photo: Pontus Lundahl/TT

But the decline is broad. Among those going against the trend is the gadget chain Clas Ohlson, whose shares rose 5.5 percent after publishing an interim report.

The market is characterized by concerns about the effects of an energy price shock due to the halt in oil and gas supplies from countries around the Persian Gulf - a result of Iranian attacks on civilian shipping around the Strait of Hormuz.

The price of crude oil fell a few dollars to $90 per barrel after the announcement that countries such as Germany and Japan are ready to tap their oil reserves, after the International Energy Agency (IEA) proposed adding up to 400 million barrels.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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