Asian, European Stocks Broadly Down As Oil Futures Slide

Global stock markets were broadly lower Thursday, barring a few Asian markets as crude oil futures slid after the U.S. announced that the country’s crude stocks had reached yet another record high, renewing concerns about oversupply.

In Europe, major bourses were down on the last trading day of the month and the first quarter, with France’s CAC 40 down 1.07 percent while London’s FTSE 100 was down 0.60 percent and Germany’s DAX down 0.62 percent. The pan-European Stoxx 600 was down 0.92 percent.