Oil had it worst week since the financial crisis as panic over the coronavirus pandemic battered global markets.
Futures in New York fell 16% this week, marking the biggest weekly drop since December 2008. The viral outbreak showed no signs of relenting, with the World Health Organisation raising global risk to “very high” from “high.” The collapse of financial markets prompted US Federal Reserve Chairman Jerome Powell to assure investors that the central bank is prepared to cut interest rate ....
02 Mar 2020
Cenkos: Oil & Gas Sector -- 88 Energy, United Oil & Gas, Rockhopper Exploration, Argos Resources, Jadestone Energy, Gran Tierra Energy, Kosmos Energy, Petrofac, Hunting, ADES Holding, Panoro Energy ASA, Pantheon Resources, Wintershall Dea, Africa Oil Corp
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Cenkos: Oil & Gas Sector -- 88 Energy, United Oil & Gas, Rockhopper Exploration, Argos Resources, Jadestone Energy, Gran Tierra Energy, Kosmos Energy, Petrofac, Hunting, ADES Holding, Panoro Energy ASA, Pantheon Resources, Wintershall Dea, Africa Oil Corp
Falcon Oil & Gas Ltd. (FOG:LON), 7.2 | Diversified Energy Company PLC (DEC:LON), 946 | Empyrean Energy PLC (EME:LON), 0.6 | Trinity Exploration & Production Plc (TRIN:LON), 40.0 | 88 Energy Limited (88E:LON), 0.3 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
02 Mar 2020 -
Author:
James McCormack -
Pages:
8
Oil had it worst week since the financial crisis as panic over the coronavirus pandemic battered global markets.
Futures in New York fell 16% this week, marking the biggest weekly drop since December 2008. The viral outbreak showed no signs of relenting, with the World Health Organisation raising global risk to “very high” from “high.” The collapse of financial markets prompted US Federal Reserve Chairman Jerome Powell to assure investors that the central bank is prepared to cut interest rate ....