Oil capped its longest string of daily losses this year as hawkish signals from Federal Reserve officials added to concerns about a glut of crude piling up in storage.
A significant increase in US inventories and a broader risk-off sentiment sparked by the prospect of continued rate hikes from the Fed have weighed on oil this week. The headwinds were exacerbated by the federal government's plan to continue drawing down the country's Strategic Petroleum Reserve, with 26 million more barrels se ....
20 Feb 2023
Cenkos: Oil & Gas Sector -- Getech Group, Falcon Oil & Gas, Tethys Oil, Longboat Energy, Ithaca Energy, EnQuest, IOG, Vaalco Energy, Petro Matad, Zephyr Energy, Challenger Energy, Reabold Resources/Upland Resources/Baron Oil, Var Energi
Falcon Oil & Gas Ltd. (FOG:LON), 6.8 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.9 | Diversified Energy Company PLC (DEC:LON), 1,082 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.2 | Trinity Exploration & Production Plc (TRIN:LON), 39.5 | Tethys Oil AB (TETY:OME), 0
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Cenkos: Oil & Gas Sector -- Getech Group, Falcon Oil & Gas, Tethys Oil, Longboat Energy, Ithaca Energy, EnQuest, IOG, Vaalco Energy, Petro Matad, Zephyr Energy, Challenger Energy, Reabold Resources/Upland Resources/Baron Oil, Var Energi
Falcon Oil & Gas Ltd. (FOG:LON), 6.8 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.9 | Diversified Energy Company PLC (DEC:LON), 1,082 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.2 | Trinity Exploration & Production Plc (TRIN:LON), 39.5 | Tethys Oil AB (TETY:OME), 0
- Published:
20 Feb 2023 -
Author:
James McCormack -
Pages:
7
Oil capped its longest string of daily losses this year as hawkish signals from Federal Reserve officials added to concerns about a glut of crude piling up in storage.
A significant increase in US inventories and a broader risk-off sentiment sparked by the prospect of continued rate hikes from the Fed have weighed on oil this week. The headwinds were exacerbated by the federal government's plan to continue drawing down the country's Strategic Petroleum Reserve, with 26 million more barrels se ....