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European Shares Seen Rising on Lower Oil

European equities were seen rising on Wednesday, extending the previous session's tentative recovery and tracking a rally in the United States and Asia following a sharp drop in oil prices and data showing an improvement in the mood of U.S. consumers.

Financial bookmakers, or spread betters, expected Britain's FTSE 100 index to open between 46 and 51 points higher, the German DAX 49 to 58 points higher, and the French CAC 40 37 to 39 points higher.

Oil prices steadied on Wednesday, but remained at their lowest level in nearly three months, ahead of U.S. weekly inventory data expected to show a rise in fuel inventories amid eroding U.S. demand. Prices were also under pressure from signs of strength in the U.S. dollar.