Oil rose for a fifth straight week with support from an OPEC+ deal and hopes for another round of US stimulus.
Futures in New York and London closed at fresh nine-month highs on Friday, with signs that momentum is building toward a fiscal stimulus plan that could provide an immediate demand boost, before a vaccine is widely available.
Prices had already been rising after OPEC+ reached a compromise agreement that offers something for members concerned about the fragility of the market, as w ....
07 Dec 2020
Cenkos: OIl & Gas Sector -- 88 Energy, United Oil & Gas, Plexus Holdings, Eco (Atlantic) Oil & Gas, ExxonMobil Corporation, Touchstone Exploration, Block Energy, Providence Resources, Lansdowne Oil & Gas, Echo Energy, Deltic Energy, Bahamas Petroleum, Tran
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Cenkos: OIl & Gas Sector -- 88 Energy, United Oil & Gas, Plexus Holdings, Eco (Atlantic) Oil & Gas, ExxonMobil Corporation, Touchstone Exploration, Block Energy, Providence Resources, Lansdowne Oil & Gas, Echo Energy, Deltic Energy, Bahamas Petroleum, Tran
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,079 | Empyrean Energy PLC (EME:LON), 0.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
07 Dec 2020 -
Author:
James McCormack -
Pages:
7
Oil rose for a fifth straight week with support from an OPEC+ deal and hopes for another round of US stimulus.
Futures in New York and London closed at fresh nine-month highs on Friday, with signs that momentum is building toward a fiscal stimulus plan that could provide an immediate demand boost, before a vaccine is widely available.
Prices had already been rising after OPEC+ reached a compromise agreement that offers something for members concerned about the fragility of the market, as w ....