European markets moved lower by mid-morning on Friday after escalating violence in the Middle East pushed crude oil to a record high and prompted sharp drops in global markets in the previous session. Following sharp drops in early trade, markets moved off their worst levels of the morning. The U.K. FTSE 100 index shed 0.5%, the German DAX Xetra 30 index declined 1.1% and the French CAC-40 index dropped 0.9%.
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