Oil posted a second weekly gain as evidence mounted that the decision by OPEC+ leaders Saudi Arabia and Russia to tighten supplies was making a mark across physical markets.
West Texas Intermediate settled near $74, the highest in over a month, supported by risk-on sentiment on Friday. Crude posted its first back-to-back weekly increase since May, with near-term time spreads flipping into a narrow backwardated structure, a bullish pricing pattern.
Saudi Arabia set large price increases for ....
10 Jul 2023
Cenkos: Oil & Gas Sector -- Longboat Energy, 88 Energy, Jersey Oil & Gas, Petro Matad, PetroTal, Hunting, Canadian Overseas, Block Energy, Caspian Sunrise, Aker BP, OKEA ASA, Shell
Falcon Oil & Gas Ltd. (FOG:LON), 10.8 | 88 Energy Limited (88E:LON), 1.2 | Chariot Limited (CHAR:LON), 1.4 | Diversified Energy Company (DEC:LON), 1,080 | Empyrean Energy PLC (EME:LON), 0.0 | GETECH Group plc (GTC:LON), 2.0 | Seascape Energy Asia PLC (SEA:LON), 62.0
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Cenkos: Oil & Gas Sector -- Longboat Energy, 88 Energy, Jersey Oil & Gas, Petro Matad, PetroTal, Hunting, Canadian Overseas, Block Energy, Caspian Sunrise, Aker BP, OKEA ASA, Shell
Falcon Oil & Gas Ltd. (FOG:LON), 10.8 | 88 Energy Limited (88E:LON), 1.2 | Chariot Limited (CHAR:LON), 1.4 | Diversified Energy Company (DEC:LON), 1,080 | Empyrean Energy PLC (EME:LON), 0.0 | GETECH Group plc (GTC:LON), 2.0 | Seascape Energy Asia PLC (SEA:LON), 62.0
- Published:
10 Jul 2023 -
Author:
James McCormack -
Pages:
7 -
Oil posted a second weekly gain as evidence mounted that the decision by OPEC+ leaders Saudi Arabia and Russia to tighten supplies was making a mark across physical markets.
West Texas Intermediate settled near $74, the highest in over a month, supported by risk-on sentiment on Friday. Crude posted its first back-to-back weekly increase since May, with near-term time spreads flipping into a narrow backwardated structure, a bullish pricing pattern.
Saudi Arabia set large price increases for ....