European stocks edge lower as oil hovers above $100 a barrel

European stocks experienced a slight decline as oil prices remain elevated above $100 a barrel. The high oil prices are contributing to inflationary pressures that could hinder economic growth. Investors are growing wary of how sustained oil costs might affect corporate profit margins and consumer spending. The combination of rising energy costs and geopolitical tensions could further weigh on market sentiment. Analysts suggest that sectors heavily reliant on oil could see increased volatility in the near term.