Oil declined the most in a week with rising US crude stockpiles seen as an obstacle facing a market that is still recovering from a pandemic-induced demand slump.
Futures fell 1.6% to the lowest level in nearly two weeks in New York on Friday. A US government report showed domestic crude inventories increased for the first time since December, rising more than 4 million barrels last week. However, the data also showed refiners processed the most crude since March, an encouraging sign.
A st ....
25 Jan 2021
Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, Trinity Exploration & Production, 88 Energy, Westmount Energy, Cairn Energy, Serica Energy, Genel Energy, Pharos Energy, TransGlobe Energy, Energean, PetroTal, ExxonMobil, NEO Energy/HitecVision, JKX Oil & Gas,
Falcon Oil & Gas Ltd. (FOG:LON), 6.9 | Providence Resources Plc (PVR:LON), 4.7 | 88 Energy Limited (88E:LON), 0.5 | Diversified Gas & Oil PLC (DGOC:LON), 126 | Empyrean Energy PLC (EME:LON), 4.0 | Trinity Exploration & Production Plc (TRIN:LON), 14.0 | United Oil & Gas Plc (UOG:LON), 4.2
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James McCormack
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8 pages
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Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, Trinity Exploration & Production, 88 Energy, Westmount Energy, Cairn Energy, Serica Energy, Genel Energy, Pharos Energy, TransGlobe Energy, Energean, PetroTal, ExxonMobil, NEO Energy/HitecVision, JKX Oil & Gas,
Falcon Oil & Gas Ltd. (FOG:LON), 6.9 | Providence Resources Plc (PVR:LON), 4.7 | 88 Energy Limited (88E:LON), 0.5 | Diversified Gas & Oil PLC (DGOC:LON), 126 | Empyrean Energy PLC (EME:LON), 4.0 | Trinity Exploration & Production Plc (TRIN:LON), 14.0 | United Oil & Gas Plc (UOG:LON), 4.2
- Published:
25 Jan 2021 -
Author:
James McCormack -
Pages:
8 -
Oil declined the most in a week with rising US crude stockpiles seen as an obstacle facing a market that is still recovering from a pandemic-induced demand slump.
Futures fell 1.6% to the lowest level in nearly two weeks in New York on Friday. A US government report showed domestic crude inventories increased for the first time since December, rising more than 4 million barrels last week. However, the data also showed refiners processed the most crude since March, an encouraging sign.
A st ....