Oil slid by the most in three weeks as a stronger dollar and weak US economic data stoked concerns over an economic rebound.
Futures in New York tumbled 2.3% on Friday after a rally in oil earlier in the week pushed the benchmark into overbought territory. The US dollar strengthened, reducing the appeal of commodities priced in the currency. US consumer sentiment cooled more than forecast in January and other economic data such as sluggish retail sales and producer prices also portray the obs ....
18 Jan 2021
Cenkos: Oil & Gas Sector -- 88 Energy, Trinity Exploration & Production, United Oil & Gas, Getech Group, Total SA and Apache Corporation, Hurricane Energy, Wentworth Resources, Lamprell, Energean, Pantheon Resources, Independent Oil & Gas, PetroTal Corp, G
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Cenkos: Oil & Gas Sector -- 88 Energy, Trinity Exploration & Production, United Oil & Gas, Getech Group, Total SA and Apache Corporation, Hurricane Energy, Wentworth Resources, Lamprell, Energean, Pantheon Resources, Independent Oil & Gas, PetroTal Corp, G
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,086 | Empyrean Energy PLC (EME:LON), 0.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
18 Jan 2021 -
Author:
James McCormack -
Pages:
7
Oil slid by the most in three weeks as a stronger dollar and weak US economic data stoked concerns over an economic rebound.
Futures in New York tumbled 2.3% on Friday after a rally in oil earlier in the week pushed the benchmark into overbought territory. The US dollar strengthened, reducing the appeal of commodities priced in the currency. US consumer sentiment cooled more than forecast in January and other economic data such as sluggish retail sales and producer prices also portray the obs ....