European shares extend selloff on soaring energy prices; recession fears
The pan-European STOXX600 fell for a third straight session, down 0.2% to hover near one-month lows. Energy was one of the only few sectors in the black, rising 1% as crude prices rose on concerns over tight supply.Benchmark gas prices in the European Union surged 13% overnight to a record peak, having doubled in just a month to be 14 times higher than the average of the past decade.