European stocks notched a slight loss Thursday, hampered by lower volume and a slide in oil prices following news the Organization of the Petroleum Exporting Countries will hold back from making deeper production cuts.

The S&P 500 and Nasdaq Composite closed at fresh records on Thursday, as U.S. stocks advanced for a sixth straight session, thanks in part to big gains in shares of Best Buy after quarterly results.

Asian stocks dropped, turning away from Wall Street's strong performance overnight. Crude prices remained subdued early on Friday after an agreement by OPEC to extend existing supply curbs disappointed many who had hoped for larger cuts.