Europe stocks erase losses, oil firms move higher

Europe stocks erase losses, oil firms move higher
LONDON (MarketWatch) -- European stock markets erased losses in afternoon action on Tuesday, as oil firms and miners extended gains on the back of firmer commodity prices. Oil futures for November delivery (NMN:CLX2) jumped 1.4% to $90.61 a barrel. The Stoxx Europe 600 index (STX:XX:SXXP) added 0.2% to 271.90, after trading in negative territory for most of the trading day. France's CAC 40 index (ENX:FRX1) gained 0.5% to 3,424.28, while Germany's DAX 30 index (ITFXAX) picked up 0.1% to 7,301.52. The U.K.'s FTSE 100 index (FTI:UK:UKX) slipped 0.1% to 5,837.51.