Stockholm stocks fall as oil and gas prices rise

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Stockholm stocks fall as oil and gas prices rise
Photo: Fredrik Sandberg/TT

In Stockholm, stock prices fell sharply during the afternoon, as energy prices climbed.

Among the most traded stocks on the OMXS30 index, defense group Saab fell the most, down 5.1 percent, followed by mining company Boliden, down 2.8 percent.

At the other end of the scale were online casino company Evolution, up 1.3 percent; venture capital firm EQT; and telecom operator Telia, up 0.7 percent.

At the close in Stockholm, the stock exchanges in Frankfurt, London and Paris were also clearly down, as were all three major indices in New York.

A barrel of North Sea oil now costs $84.80, and U.S. WTI oil is at $79.75. The price of gas on the European market also rose significantly.

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

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