Oil capped its fifth week of gains on continued signs of robust demand and strained crude supplies that have taken prices to seven-year highs.
Futures in New York edged lower on Friday, just above $85 a barrel, but were still up 1.6% for the week. Oil neared $88 earlier this week for its highest level since 2014 as geopolitical tensions threatened greater supply outages alongside strong demand numbers, despite the omicron variant.
As prices rise, much of Wall Street has been growing stead ....

24 Jan 2022
Cenkos: Oil & Gas Sector -- 88 Energy, Chariot, Serica Energy, Hurricane Energy, PetroTal Corp, Energean, Gran Tierra Energy, Genel Energy, Reabold Resources, Union Jack Oil, Sound Energy, BHP Group, Woodside Petroleum, Santos, Valeura Energy, OKEA ASA
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 1.1 | Diversified Energy Company PLC (DEC:LON), 1,088 | Empyrean Energy PLC (EME:LON), 0.0 | GETECH Group plc (GTC:LON), 1.9

Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Oil & Gas Sector -- 88 Energy, Chariot, Serica Energy, Hurricane Energy, PetroTal Corp, Energean, Gran Tierra Energy, Genel Energy, Reabold Resources, Union Jack Oil, Sound Energy, BHP Group, Woodside Petroleum, Santos, Valeura Energy, OKEA ASA
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 1.1 | Diversified Energy Company PLC (DEC:LON), 1,088 | Empyrean Energy PLC (EME:LON), 0.0 | GETECH Group plc (GTC:LON), 1.9
- Published:
24 Jan 2022 -
Author:
James McCormack -
Pages:
7 -
Oil capped its fifth week of gains on continued signs of robust demand and strained crude supplies that have taken prices to seven-year highs.
Futures in New York edged lower on Friday, just above $85 a barrel, but were still up 1.6% for the week. Oil neared $88 earlier this week for its highest level since 2014 as geopolitical tensions threatened greater supply outages alongside strong demand numbers, despite the omicron variant.
As prices rise, much of Wall Street has been growing stead ....