Oil closed at the highest level since August as markets rallied over China easing its Covid restrictions.
Brent crude futures settled above $98 a barrel for a third straight weekly gain. China is said to be working on plans to scrap a system that penalises airlines for bringing virus cases into the country, a move that suggests the nation may be easing its so-called Covid Zero policy, paving the way for higher crude demand.
Oil has struggled to find direction in recent sessions, with lack ....
07 Nov 2022
Cenkos: Oil & Gas Sector -- Diversified Energy, Chariot, bp, Saudi Aramco, Gran Tierra Energy, i3 Energy, Harbour Energy, Longboat Energy, Hurricane Energy, Genel Energy, DNO ASA, Enwell Energy, Rockhopper Exploration, Arrow Exploration, Challenger Energy,
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Cenkos: Oil & Gas Sector -- Diversified Energy, Chariot, bp, Saudi Aramco, Gran Tierra Energy, i3 Energy, Harbour Energy, Longboat Energy, Hurricane Energy, Genel Energy, DNO ASA, Enwell Energy, Rockhopper Exploration, Arrow Exploration, Challenger Energy,
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.5 | Diversified Energy Company PLC (DEC:LON), 1,079 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0
- Published:
07 Nov 2022 -
Author:
James McCormack -
Pages:
9
Oil closed at the highest level since August as markets rallied over China easing its Covid restrictions.
Brent crude futures settled above $98 a barrel for a third straight weekly gain. China is said to be working on plans to scrap a system that penalises airlines for bringing virus cases into the country, a move that suggests the nation may be easing its so-called Covid Zero policy, paving the way for higher crude demand.
Oil has struggled to find direction in recent sessions, with lack ....