Oil posted its first weekly loss since June as low trading volumes left the market vulnerable to macroeconomic concerns, overshadowing signs of a tight physical environment.
West Texas Intermediate settled just above $81 a barrel, down nearly $2 for the week, as poor economic data and a widening housing slump in China weighed on risk assets. The gloom has eclipsed signs of a tighter crude market, including US stockpiles that declined to the lowest level since January.
Aggregate open inter ....
21 Aug 2023
Cenkos: Oil & Gas Sector -- Argos Resources, Serinus Energy, Southern Energy, Zephyr Energy, Canadian Overseas Petroleum, Genel Energy, DNO ASA, Beacon Energy, Touchstone Exploration, Africa Oil, Maurel et Prom
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Cenkos: Oil & Gas Sector -- Argos Resources, Serinus Energy, Southern Energy, Zephyr Energy, Canadian Overseas Petroleum, Genel Energy, DNO ASA, Beacon Energy, Touchstone Exploration, Africa Oil, Maurel et Prom
Southern Energy Corp. (SOUC:LON), 11.0 | Genel Energy PLC (GENL:LON), 92.8 | DNO ASA Class A (0MHP:LON), 0 | Touchstone Exploration Inc (TXP:LON), 35.8 | Africa Oil Corp. (0QVL:LON), 0 | Etablissements Maurel et Prom (MAU:EPA), 0 | Argos Resources Ltd (AORGF:OTC), 0
- Published:
21 Aug 2023 -
Author:
James McCormack -
Pages:
7
Oil posted its first weekly loss since June as low trading volumes left the market vulnerable to macroeconomic concerns, overshadowing signs of a tight physical environment.
West Texas Intermediate settled just above $81 a barrel, down nearly $2 for the week, as poor economic data and a widening housing slump in China weighed on risk assets. The gloom has eclipsed signs of a tighter crude market, including US stockpiles that declined to the lowest level since January.
Aggregate open inter ....