Oil rose this week as US government promises to protect bank depositors and a lack of surprises from the Federal Reserve calmed investors.
Crude settled above $69 a barrel on Friday, recovering about a quarter of the nearly $10 it lost the previous week. The commodity remains volatile, and as long as banking concerns remain at the forefront of markets, crude fundamentals may have a limited effect on its price movements, analysts said.
“Crude found support this week after several weeks of unaba ....
27 Mar 2023
Cenkos: Oil & Gas Sector -- Diversified Energy, Wentworth Resources, Falcon Oil & Gas, 88 Energy, Westmount Energy, Longboat Energy, Energean, Gulf Keystone Petroleum, Genel Energy, Pharos Energy, Touchstone Exploration, Savannah Energy, Capricorn Energy,
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Cenkos: Oil & Gas Sector -- Diversified Energy, Wentworth Resources, Falcon Oil & Gas, 88 Energy, Westmount Energy, Longboat Energy, Energean, Gulf Keystone Petroleum, Genel Energy, Pharos Energy, Touchstone Exploration, Savannah Energy, Capricorn Energy,
Falcon Oil & Gas Ltd. (FOG:LON), 5.2 | 88 Energy Limited (88E:LON), 0.1 | Chariot Limited (CHAR:LON), 6.5 | Diversified Energy Company PLC (DEC:LON), 844 | Empyrean Energy PLC (EME:LON), 0.3 | GETECH Group plc (GTC:LON), 2.6 | Trinity Exploration & Production Plc (TRIN:LON), 53.5
- Published:
27 Mar 2023 -
Author:
James McCormack -
Pages:
9
Oil rose this week as US government promises to protect bank depositors and a lack of surprises from the Federal Reserve calmed investors.
Crude settled above $69 a barrel on Friday, recovering about a quarter of the nearly $10 it lost the previous week. The commodity remains volatile, and as long as banking concerns remain at the forefront of markets, crude fundamentals may have a limited effect on its price movements, analysts said.
“Crude found support this week after several weeks of unaba ....