Oil capped the week with the longest losing streak since 2019 as the dollar strengthened after the Federal Reserve signalled it will start tapering stimulus and the virus resurgence raises doubts about demand growth.
West Texas Intermediate futures ended the session 2.2% lower, tumbling for a seventh day and extending the week's decline to 8.9%. Other raw materials including copper and iron ore fell on Thursday following the Fed's signal. The Bloomberg Dollar Spot Index has risen every day th ....
23 Aug 2021
Cenkos: Oil & Gas Sector -- 88 Energy, United Oil & Gas, Diversified Energy Company, SDX Energy, i3 Energy, Santos, Jadestone Energy, Hurricane Energy, Canadian Overseas Petroleum, Challenger Energy Group, Longboat Energy, Nostrum Oil &Gas, SDX Energy
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Cenkos: Oil & Gas Sector -- 88 Energy, United Oil & Gas, Diversified Energy Company, SDX Energy, i3 Energy, Santos, Jadestone Energy, Hurricane Energy, Canadian Overseas Petroleum, Challenger Energy Group, Longboat Energy, Nostrum Oil &Gas, SDX Energy
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,088 | GETECH Group plc (GTC:LON), 8.6 | Trinity Exploration & Production Plc (TRIN:LON), 39.0
- Published:
23 Aug 2021 -
Author:
James McCormack -
Pages:
8
Oil capped the week with the longest losing streak since 2019 as the dollar strengthened after the Federal Reserve signalled it will start tapering stimulus and the virus resurgence raises doubts about demand growth.
West Texas Intermediate futures ended the session 2.2% lower, tumbling for a seventh day and extending the week's decline to 8.9%. Other raw materials including copper and iron ore fell on Thursday following the Fed's signal. The Bloomberg Dollar Spot Index has risen every day th ....