|The Obama administration has taken steps to prevent another catastrophe like BP's blowout disaster a year ago in the Gulf of Mexico.|
BP reportedly planned to sell up to 8.53% of its stake in Castrol India, but the sale has yet to take place.
Luxury goods makers LVMH and Kering, and retailers Marks & Spencer and Sainsbury rise.
The agency pins its forecast on a bleak macroeconomic outlook.
Stocks retreat further from records highs on Wednesday as resurfacing supply worries take a chunk out of crude prices.