Oil rose a second consecutive week as investors monitored progress made Friday on debt-ceiling talks to avoid a US default.
Republican and White House negotiators were moving closer to an agreement to raise the debt limit, according to people familiar with the matter. Still, the agreed-upon details are tentative, and a final accord is not in hand.
Prices:
WTI for July delivery rose 84 cents to settle at $72.67 a barrel in New York.
At that level, the contract is up about 1.6% for th ....

30 May 2023
Cenkos: Oil & Gas Sector -- Coro Energy, Hurricane Energy, Kistos Holdings, Pharos Energy, Prospex Energy, Petro Matad, Aker BP, Tullow Oil, Touchstone Exploration, Southern Energy, Baron Oil, Chevron Corporation, Corcel
Falcon Oil & Gas Ltd. (FOG:LON), 6.8 | 88 Energy Limited (88E:LON), 0.3 | Chariot Limited (CHAR:LON), 15.8 | Diversified Energy Company PLC (DEC:LON), 79.7 | Empyrean Energy PLC (EME:LON), 0.8 | GETECH Group plc (GTC:LON), 8.0 | Longboat Energy Plc (LBE:LON), 18.5 | Trinity Exploration & Production Plc (TRIN:LON), 87.5 | Wentworth Resources PLC (WEN:LON), 26.5

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Cenkos: Oil & Gas Sector -- Coro Energy, Hurricane Energy, Kistos Holdings, Pharos Energy, Prospex Energy, Petro Matad, Aker BP, Tullow Oil, Touchstone Exploration, Southern Energy, Baron Oil, Chevron Corporation, Corcel
Falcon Oil & Gas Ltd. (FOG:LON), 6.8 | 88 Energy Limited (88E:LON), 0.3 | Chariot Limited (CHAR:LON), 15.8 | Diversified Energy Company PLC (DEC:LON), 79.7 | Empyrean Energy PLC (EME:LON), 0.8 | GETECH Group plc (GTC:LON), 8.0 | Longboat Energy Plc (LBE:LON), 18.5 | Trinity Exploration & Production Plc (TRIN:LON), 87.5 | Wentworth Resources PLC (WEN:LON), 26.5
- Published:
30 May 2023 -
Author:
James McCormack -
Pages:
7 -
Oil rose a second consecutive week as investors monitored progress made Friday on debt-ceiling talks to avoid a US default.
Republican and White House negotiators were moving closer to an agreement to raise the debt limit, according to people familiar with the matter. Still, the agreed-upon details are tentative, and a final accord is not in hand.
Prices:
WTI for July delivery rose 84 cents to settle at $72.67 a barrel in New York.
At that level, the contract is up about 1.6% for th ....