Investing.com – Norway stocks were lower after the close on Wednesday, as losses in the Pharma Biotech & Life Sciences, Energy and Diversified Financials sectors led shares lower.
At the close in Oslo, the Oslo OBX lost 0.37%.
The best performers of the session on the Oslo OBX were Norwegian Air Shuttle ASA (OL:NWC), which rose 2.76% or 6.3 points to trade at 234.8 at the close. Meanwhile, Schibsted ASA A (OL:SBSTA) added 1.17% or 2.3 points to end at 198.3 and Telenor ASA (OL:TEL) was up 0.72% or 1.0 points to 140.0 in late trade.
The worst performers of the session were Seadrill Limited (OL:SDRL), which fell 6.99% or 0.27 points to trade at 3.54 at the close. REC Silicon ASA (OL:REC) declined 5.44% or 0.06 points to end at 1.04 and Frontline Ltd (OL:FRO) was down 4.65% or 2.22 points to 45.48.
Falling stocks outnumbered advancing ones on the Oslo Stock Exchange by 95 to 88 and 22 ended unchanged.
Shares in Seadrill Limited (OL:SDRL) fell to all time lows; losing 6.99% or 0.27 to 3.54. Shares in Frontline Ltd (OL:FRO) fell to 52-week lows; down 4.65% or 2.22 to 45.48.
Crude oil for July delivery was down 3.64% or 1.69 to $44.77 a barrel. Elsewhere in commodities trading, Brent oil for delivery in August fell 3.59% or 1.75 to hit $46.97 a barrel, while the August Gold Futures contract rose 0.76% or 9.62 to trade at $1278.22 a troy ounce.
EUR/NOK was down 0.14% to 9.4367, while USD/NOK fell 0.72% to 8.3689.
The US Dollar Index Futures was down 0.55% at 96.44.