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,
Falcon Oil & Gas Ltd. (FOG:LON), 9.6 | 88 Energy Limited (88E:LON), 0.4 | Chariot Limited (CHAR:LON), 14.5 | Diversified Energy Company PLC (DEC:LON), 92.8 | Empyrean Energy PLC (EME:LON), 0.8 | GETECH Group plc (GTC:LON), 12.5 | Trinity Exploration & Production Plc (TRIN:LON), 79.0 | Wentworth Resources PLC (WEN:LON), 30.4
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James McCormack
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9 pages
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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), 9.6 | 88 Energy Limited (88E:LON), 0.4 | Chariot Limited (CHAR:LON), 14.5 | Diversified Energy Company PLC (DEC:LON), 92.8 | Empyrean Energy PLC (EME:LON), 0.8 | GETECH Group plc (GTC:LON), 12.5 | Trinity Exploration & Production Plc (TRIN:LON), 79.0 | Wentworth Resources PLC (WEN:LON), 30.4
- 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 ....