After six straight periods of gains, US benchmark crude futures dropped 8.3% this week. Market sentiment soured after the Federal Reserve warned of the coronavirus pandemic's prolonged damage to the economy. Plus, fears over a second wave of virus infections threaten to disrupt any demand recovery.
While crude has pushed higher from a historic crash below zero in April -- buoyed by OPEC+ production curbs that began in May -- the market largely shrugged off the alliance's recent move to extend ....
15 Jun 2020
Cenkos: OIL & Gas Sector -- Bahamas Petroleum Company, Columbus Energy Resources, Echo Energy, PetroTal Corp, Reabold Resources, Hurricane Energy, Energean Oil & Gas, Egdon Resources, ADES Holding, Tower Resources, Gulf Marine Services
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Cenkos: OIL & Gas Sector -- Bahamas Petroleum Company, Columbus Energy Resources, Echo Energy, PetroTal Corp, Reabold Resources, Hurricane Energy, Energean Oil & Gas, Egdon Resources, ADES Holding, Tower Resources, Gulf Marine Services
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,098 | Empyrean Energy PLC (EME:LON), 0.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.5 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
15 Jun 2020 -
Author:
James McCormack -
Pages:
7
After six straight periods of gains, US benchmark crude futures dropped 8.3% this week. Market sentiment soured after the Federal Reserve warned of the coronavirus pandemic's prolonged damage to the economy. Plus, fears over a second wave of virus infections threaten to disrupt any demand recovery.
While crude has pushed higher from a historic crash below zero in April -- buoyed by OPEC+ production curbs that began in May -- the market largely shrugged off the alliance's recent move to extend ....