Oil rose on Friday, cementing a gain for the week, as macroeconomic trends suggested stronger demand globally.
Crude has gotten a lift from signals that China's usage will continue to grow, indications that the US driving season will be robust and expectations that the Federal Reserve's pause in interest rate increases will provide the economy some temporary relief. Still, the rally is being capped as stockpiles continue to swell despite Saudi-led OPEC+ production cuts.
The production cuts ....
19 Jun 2023
Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, Tethys Oil, Wentworth Resources, Shell, Petro Matad, SDX Energy, Reabold Resources, Caspian Sunrise, Sound Energy, Touchstone Exploration, IOG, Maurel et Prom, PetroNeft Resources, Gulf Keystone
Falcon Oil & Gas Ltd. (FOG:LON), 10.8 | 88 Energy Limited (88E:LON), 1.2 | Chariot Limited (CHAR:LON), 1.6 | Diversified Energy Company (DEC:LON), 1,030 | Empyrean Energy PLC (EME:LON), 0.0 | GETECH Group plc (GTC:LON), 2.0 | Seascape Energy Asia PLC (SEA:LON), 61.5
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Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, Tethys Oil, Wentworth Resources, Shell, Petro Matad, SDX Energy, Reabold Resources, Caspian Sunrise, Sound Energy, Touchstone Exploration, IOG, Maurel et Prom, PetroNeft Resources, Gulf Keystone
Falcon Oil & Gas Ltd. (FOG:LON), 10.8 | 88 Energy Limited (88E:LON), 1.2 | Chariot Limited (CHAR:LON), 1.6 | Diversified Energy Company (DEC:LON), 1,030 | Empyrean Energy PLC (EME:LON), 0.0 | GETECH Group plc (GTC:LON), 2.0 | Seascape Energy Asia PLC (SEA:LON), 61.5
- Published:
19 Jun 2023 -
Author:
James McCormack -
Pages:
7 -
Oil rose on Friday, cementing a gain for the week, as macroeconomic trends suggested stronger demand globally.
Crude has gotten a lift from signals that China's usage will continue to grow, indications that the US driving season will be robust and expectations that the Federal Reserve's pause in interest rate increases will provide the economy some temporary relief. Still, the rally is being capped as stockpiles continue to swell despite Saudi-led OPEC+ production cuts.
The production cuts ....