Oil dropped the most in a week since April as the full weight of languishing Chinese demand and more economic tightening radically shifted the market's sentiment.
West Texas Intermediate fell 1.9% to settle just over $80 a barrel. US futures fell 10% this week, the most since Biden ordered a historic discharge of crude from the Strategic Reserves in April. Swelling Covid cases in China and aggressive monetary tightening by central banks have combined to erase all the gains earned last month whe ....
21 Nov 2022
Cenkos: Oil & Gas Sector -- Diversified Energy, Neptune Energy, Energean, PetroTal Corp, SDX Energy, Jadestone Energy, Tullow Oil, Canadian Overseas Petroleum, Zephyr Energy, Eco (Atlantic) Oil & Gas, United Oil & Gas, Baron Oil, Europa Oil & Gas, Africa O
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Cenkos: Oil & Gas Sector -- Diversified Energy, Neptune Energy, Energean, PetroTal Corp, SDX Energy, Jadestone Energy, Tullow Oil, Canadian Overseas Petroleum, Zephyr Energy, Eco (Atlantic) Oil & Gas, United Oil & Gas, Baron Oil, Europa Oil & Gas, Africa O
Falcon Oil & Gas Ltd. (FOG:LON), 6.8 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.9 | Diversified Energy Company PLC (DEC:LON), 1,082 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.2 | Trinity Exploration & Production Plc (TRIN:LON), 39.5
- Published:
21 Nov 2022 -
Author:
James McCormack -
Pages:
8
Oil dropped the most in a week since April as the full weight of languishing Chinese demand and more economic tightening radically shifted the market's sentiment.
West Texas Intermediate fell 1.9% to settle just over $80 a barrel. US futures fell 10% this week, the most since Biden ordered a historic discharge of crude from the Strategic Reserves in April. Swelling Covid cases in China and aggressive monetary tightening by central banks have combined to erase all the gains earned last month whe ....