Oil in New York barely nudged this week despite whipsawing over several days, as renewed lockdowns in some regions blunted near-term demand outlooks and muted the impact of a standstill at the Suez.
West Texas Intermediate futures fell less than 1% to close the week at $60.97, while Brent crude just barely eked out a gain, snapping a streak of back-to-back weekly declines. Futures rose almost 6% and fell nearly 5% in sessions this week as traders recalibrated their positions from day-to-day. ....
29 Mar 2021
Cenkos: Oil & Gas Sector -- 88 Energy, Touchstone Exploration, Serinus Energy, Chariot Oil & Gas, EnQuest, Valeura Energy, Lekoil, Global Petroleum, Saudi Aramco, Africa Energy, Bahamas Petroleum, Gulf Keystone Petroleum, Longboat Energy, Tethys Oil, Equin
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Cenkos: Oil & Gas Sector -- 88 Energy, Touchstone Exploration, Serinus Energy, Chariot Oil & Gas, EnQuest, Valeura Energy, Lekoil, Global Petroleum, Saudi Aramco, Africa Energy, Bahamas Petroleum, Gulf Keystone Petroleum, Longboat Energy, Tethys Oil, Equin
Falcon Oil & Gas Ltd. (FOG:LON), 6.8 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,082 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.2 | Trinity Exploration & Production Plc (TRIN:LON), 39.5 | Tethys Oil AB (TETY:OME), 0
- Published:
29 Mar 2021 -
Author:
James McCormack -
Pages:
9
Oil in New York barely nudged this week despite whipsawing over several days, as renewed lockdowns in some regions blunted near-term demand outlooks and muted the impact of a standstill at the Suez.
West Texas Intermediate futures fell less than 1% to close the week at $60.97, while Brent crude just barely eked out a gain, snapping a streak of back-to-back weekly declines. Futures rose almost 6% and fell nearly 5% in sessions this week as traders recalibrated their positions from day-to-day. ....