European stock markets turned lower on Wednesday as oil prices extended the overnight slide on fears whether a joint OPEC and non-OPEC effort could indeed happen. At the time of writing, the Euro Stoxx 50 index was down 0.96%. Germany’s DAX and France’s CAC were down 0.90% and 0.70% respectively. UK’s mining heavy FTSE index was down 0.70% as well. Germany’s BMW ST Shares were down 2.1%, followed by a 1.8% drop in Deutsche Bank shares. Shares in UK’s Standard Chartered were down 5.63% as well. BHP Billiton and Norway’s Seadrill shares dropped 4.3% and 3.1% respectively. Risk sentiment soured as oil benchmarks dropped at least 1.5%. For more information, read our latest forex news.