In trade overseas, U.S. markets were trading mostly higher on Friday around Europe's close, while in Asia, stocks retreated to close lower, with Japanese stocks feeling the heat as the yen strengthened against the dollar.
According to Reuters, new retail data from the U.S., gave a boost to European stocks in afternoon trade, after the U.S. Commerce Department said retail sales had risen 1.3 percent in April, its biggest gain in over a year.
In the oil space, prices remained turbulent throughout Friday's trade, as a stronger dollar made it more expensive to hold oil positions, yet outages in Nigeria helped cushion the blow, Reuters reported. Both Brent and U.S. WTI were trading in negative territory at Europe's close, hovering at $47.83 and $46.26, respectively.
The decline in oil prices weighed on the energy market, with Subsea 7 falling over 9 percent, making it one of Europe's worst performers. However, other commodities managed to hold onto gains, with a price rise in spot silver pushing Fresnillo up 3.7 percent.