After yesterday's broad decline, the Stockholm Stock Exchange initially turned up on Thursday. But as the oil price fell further, the stock market slipped back.
A barrel of North Sea oil now costs $106, compared with $101 this morning.
On the OMXS30 list, mining companies Epiroc and Boliden each fell 4 percent. Telia went against the grain with a rise of 2 percent.
Early trading on Wall Street is also pointing downward.
What do you think?