Oil posted a sixth weekly gain after a keenly anticipated OPEC+ meeting delivered only a modest increase in output that failed to assuage concerns over a widening supply deficit.
West Texas Intermediate rose to settle above $118 and set a weekly gain of 3.3%. On Thursday, the producers cartel agreed to a production hike, but it only amounts to 0.4% of global demand over July and August. Meanwhile, job growth in the US topped estimates, signalling continued economic growth which will bolster ....
06 Jun 2022
Cenkos: Oil & Gas Sector -- Diversified Energy, Tullow Oil, Capricorn Energy, SDX Energy, Rockhopper Exploration, Arrow Exploration, Egdon Resources, Union Jack Oil, Europa Oil & Gas, United Oil & Gas, IOG, Hurricane Energy, Tower Resources, Baron Oil, Bor
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Cenkos: Oil & Gas Sector -- Diversified Energy, Tullow Oil, Capricorn Energy, SDX Energy, Rockhopper Exploration, Arrow Exploration, Egdon Resources, Union Jack Oil, Europa Oil & Gas, United Oil & Gas, IOG, Hurricane Energy, Tower Resources, Baron Oil, Bor
Falcon Oil & Gas Ltd. (FOG:LON), 7.8 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 9.1 | Diversified Energy Company PLC (DEC:LON), 1,094 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.2 | Trinity Exploration & Production Plc (TRIN:LON), 40.0
- Published:
06 Jun 2022 -
Author:
James McCormack -
Pages:
7
Oil posted a sixth weekly gain after a keenly anticipated OPEC+ meeting delivered only a modest increase in output that failed to assuage concerns over a widening supply deficit.
West Texas Intermediate rose to settle above $118 and set a weekly gain of 3.3%. On Thursday, the producers cartel agreed to a production hike, but it only amounts to 0.4% of global demand over July and August. Meanwhile, job growth in the US topped estimates, signalling continued economic growth which will bolster ....