Oil posted a weekly loss with macroeconomic headwinds dominating the market as traders await clearer signals on Chinese demand trends.
Crude declined $3 this week despite Friday's gains amid fears that the Federal Reserve will pivot to more aggressive interest-rate hikes, compounding pressure from tempered economic projections from China and a slower-than-expected recovery in international travel. Bulls looking for a supply-driven bump have been disappointed by the resilience of Russian crude ....
13 Mar 2023
Cenkos: Oil & Gas Sector -- Getech Group, 88 Energy, Chariot, Neptune Energy, Tullow Oil, Harbour Energy, Shell, IOG, Pantheon Resources, Touchstone Exploration, PetroTal Corp, John Wood Group, San Leon Energy, Angus Energy, Energean
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Cenkos: Oil & Gas Sector -- Getech Group, 88 Energy, Chariot, Neptune Energy, Tullow Oil, Harbour Energy, Shell, IOG, Pantheon Resources, Touchstone Exploration, PetroTal Corp, John Wood Group, San Leon Energy, Angus Energy, Energean
Falcon Oil & Gas Ltd. (FOG:LON), 7.2 | 88 Energy Limited (88E:LON), 0.3 | Chariot Limited (CHAR:LON), 9.0 | Diversified Energy Company PLC (DEC:LON), 902 | Empyrean Energy PLC (EME:LON), 0.6 | GETECH Group plc (GTC:LON), 9.0 | Trinity Exploration & Production Plc (TRIN:LON), 40.0
- Published:
13 Mar 2023 -
Author:
James McCormack -
Pages:
8
Oil posted a weekly loss with macroeconomic headwinds dominating the market as traders await clearer signals on Chinese demand trends.
Crude declined $3 this week despite Friday's gains amid fears that the Federal Reserve will pivot to more aggressive interest-rate hikes, compounding pressure from tempered economic projections from China and a slower-than-expected recovery in international travel. Bulls looking for a supply-driven bump have been disappointed by the resilience of Russian crude ....