Oil posted a weekly decline as volatile trading and recession fears overshadowed a fundamentally tight supply picture.
West Texas Intermediate crude futures rose to settle over $104 a barrel on Friday but it was not enough to stave off a weekly decline of 3.6%. Investors remain concerned that restrictive US monetary policy could herald a recession. Still, physical signals remain robust, especially in the US, where the prompt timespread, which closely reflects the supply and demand balances at t ....
11 Jul 2022
Cenkos: Oil & Gas Sector -- GETECH Group, Pantheon Resources, IOG, PetroTal, Vaalco Energy, Echo Energy, United Oil & Gas, OKEA ASA, Parkmead Group, John Wood Group, Enwell Energy, San Leon Energy, DNO ASA
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Cenkos: Oil & Gas Sector -- GETECH Group, Pantheon Resources, IOG, PetroTal, Vaalco Energy, Echo Energy, United Oil & Gas, OKEA ASA, Parkmead Group, John Wood Group, Enwell Energy, San Leon Energy, DNO ASA
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.6 | Diversified Energy Company PLC (DEC:LON), 1,067 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0
- Published:
11 Jul 2022 -
Author:
James McCormack -
Pages:
8
Oil posted a weekly decline as volatile trading and recession fears overshadowed a fundamentally tight supply picture.
West Texas Intermediate crude futures rose to settle over $104 a barrel on Friday but it was not enough to stave off a weekly decline of 3.6%. Investors remain concerned that restrictive US monetary policy could herald a recession. Still, physical signals remain robust, especially in the US, where the prompt timespread, which closely reflects the supply and demand balances at t ....