Oil declined amid Russia's plans to boost upcoming overseas oil sales and as the dollar rallied.
Futures in New York ended the session nearly 1% lower on Friday. Russia will increase its oil exports 3% in the fourth quarter, according to Interfax. Meanwhile, gains in the US dollar reduced investor interest in commodities priced in the currency.
Despite weaker prices on Friday, US benchmark crude futures gained more than 3% this week due to tightening supplies. In the US, crude inventories ....
20 Sep 2021
Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, Trinity Exploration & Production, Kistos, Tullow Oil, Pharos Energy, Sound Energy, Enwell Energy, Deltic Energy, Petro Matad, Phoenix Global Resources, Union Jack Oil, TotalEnergies, Longboat Energy, PetroTal,
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Cenkos: Oil & Gas Sector -- Falcon Oil & Gas, Trinity Exploration & Production, Kistos, Tullow Oil, Pharos Energy, Sound Energy, Enwell Energy, Deltic Energy, Petro Matad, Phoenix Global Resources, Union Jack Oil, TotalEnergies, Longboat Energy, PetroTal,
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,100 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.2 | Trinity Exploration & Production Plc (TRIN:LON), 39.0
- Published:
20 Sep 2021 -
Author:
James McCormack -
Pages:
8
Oil declined amid Russia's plans to boost upcoming overseas oil sales and as the dollar rallied.
Futures in New York ended the session nearly 1% lower on Friday. Russia will increase its oil exports 3% in the fourth quarter, according to Interfax. Meanwhile, gains in the US dollar reduced investor interest in commodities priced in the currency.
Despite weaker prices on Friday, US benchmark crude futures gained more than 3% this week due to tightening supplies. In the US, crude inventories ....