Oil rebounded as a new virus treatment showed promising results, but rising Covid-19 cases continued to weigh on the market.
Oil gained 2.4% in New York on Friday but is still down for the week. The market followed stocks higher after Gilead Sciences Inc said its remdesivir treatment cut Covid-19 mortality risk by 62%. Still, the coronavirus pandemic is far from easing around the world and the International Energy Agency said a jump in cases could derail the market recovery.
Crude has stru ....

13 Jul 2020
Cenkos: Oil & Gas Sector -- UK Oil & Gas Plc, Hurricane Energy, PetroTal Corp, Equinor ASA, i3 Energy, RockRose Energy, Pharos Energy JKX Oil & Gas, Enwell Energy, Tethys Oil, Spirit Energy
Falcon Oil & Gas Ltd. (FOG:LON), 11.1 | 88 Energy Limited (88E:LON), 1.0 | Diversified Energy Company PLC (DEC:LON), 1,000 | Empyrean Energy PLC (EME:LON), 0.1

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Cenkos: Oil & Gas Sector -- UK Oil & Gas Plc, Hurricane Energy, PetroTal Corp, Equinor ASA, i3 Energy, RockRose Energy, Pharos Energy JKX Oil & Gas, Enwell Energy, Tethys Oil, Spirit Energy
Falcon Oil & Gas Ltd. (FOG:LON), 11.1 | 88 Energy Limited (88E:LON), 1.0 | Diversified Energy Company PLC (DEC:LON), 1,000 | Empyrean Energy PLC (EME:LON), 0.1
- Published:
13 Jul 2020 -
Author:
James McCormack -
Pages:
6 -
Oil rebounded as a new virus treatment showed promising results, but rising Covid-19 cases continued to weigh on the market.
Oil gained 2.4% in New York on Friday but is still down for the week. The market followed stocks higher after Gilead Sciences Inc said its remdesivir treatment cut Covid-19 mortality risk by 62%. Still, the coronavirus pandemic is far from easing around the world and the International Energy Agency said a jump in cases could derail the market recovery.
Crude has stru ....