Oil posted a weekly loss with softer European economic data and signals of US fuel demand stalling souring the market's outlook.
West Texas Intermediate fell 1.7% to slip below $95 a barrel in a choppy session. Crude posted a weekly decline as broader markets swayed oil prices in sessions characterized by sharp swings and low liquidity. On Friday, soft Euro-zone economic activity data added to fears that a recession might be on the horizon.
Supply disruptions offset some of the bearishnes ....
25 Jul 2022
Cenkos: Oil & Gas Sector -- Chariot, Trinity Exploration & Production, Impact Oil & Gas, Pharos Energy, Serica Energy, Aker BP, Afentra, Hurricane Energy, Challenger Energy, Victoria Oil & Gas, DNO ASA, Maurel et Prom
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: Oil & Gas Sector -- Chariot, Trinity Exploration & Production, Impact Oil & Gas, Pharos Energy, Serica Energy, Aker BP, Afentra, Hurricane Energy, Challenger Energy, Victoria Oil & Gas, DNO ASA, Maurel et Prom
Falcon Oil & Gas Ltd. (FOG:LON), 6.8 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 9.0 | Diversified Energy Company PLC (DEC:LON), 1,086 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.2 | Trinity Exploration & Production Plc (TRIN:LON), 39.5
- Published:
25 Jul 2022 -
Author:
James McCormack -
Pages:
8
Oil posted a weekly loss with softer European economic data and signals of US fuel demand stalling souring the market's outlook.
West Texas Intermediate fell 1.7% to slip below $95 a barrel in a choppy session. Crude posted a weekly decline as broader markets swayed oil prices in sessions characterized by sharp swings and low liquidity. On Friday, soft Euro-zone economic activity data added to fears that a recession might be on the horizon.
Supply disruptions offset some of the bearishnes ....