European stocks mostly closed lower this afternoon after oil prices jumped $3 to a new record of $132.08.
The Frankfurt DAX fell 78 points to 7,041, while the Paris CAC fell 27 to 5,028. In London, the FTSE 100 was up just six points to 6,198, after record high prices boosted Royal Dutch Shell and BP.
In Dublin, the ISEQ closed down 173 points (2.7%) at 6,152. Bank stocks all crashed lower, with Bank of Ireland down five cent (5.85%) at €8.05, after announcing its results this morning. Ryanair and Aer Lingus were both down on the back of the high oil prices, with Aer Lingus at €1.74 after losing close to eight cent.
In the US, investors are waiting for Federal Reserve minutes - due out soon - for insight into the sluggish economy. The Nasdaq is down four points at 2,488, while the Dow Jones has lost 59 points this afternoon, bringing it to 12,770.
Earlier, Japanese share prices closed down 1.7% at 13,926 after overnight losses on Wall Street. The Hang Seng closed up 291 points at 25,460.
