Oil posted its largest gain in three months this week, mostly recouping the prior week's steep decline, as confidence in China's recovery solidified among traders.
West Texas Intermediate rallied above $79 a barrel on Friday, capping a more than 8% weekly advance that marked its strongest week since October. China is ramping up purchases of crude after Beijing issued a fresh round of import allowances, and consumption is poised to surge to a record this year following the nation's dismantlin ....
16 Jan 2023
Cenkos: Oil & Gas Sector -- Getech Group, Westmount Energy, Serica Energy, Deltic Energy, Longboat Energy, Pharos Energy, Gran Tierra Energy, Echo Energy, Touchstone Exploration, Enwell Energy, Parkmead Group, Molecular Energies, Gulf Marine Services, Hurr
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Cenkos: Oil & Gas Sector -- Getech Group, Westmount Energy, Serica Energy, Deltic Energy, Longboat Energy, Pharos Energy, Gran Tierra Energy, Echo Energy, Touchstone Exploration, Enwell Energy, Parkmead Group, Molecular Energies, Gulf Marine Services, Hurr
Falcon Oil & Gas Ltd. (FOG:LON), 7.2 | 88 Energy Limited (88E:LON), 0.3 | Chariot Limited (CHAR:LON), 8.9 | Diversified Energy Company PLC (DEC:LON), 946 | Empyrean Energy PLC (EME:LON), 0.6 | GETECH Group plc (GTC:LON), 9.0 | Trinity Exploration & Production Plc (TRIN:LON), 40.0
- Published:
16 Jan 2023 -
Author:
James McCormack -
Pages:
7
Oil posted its largest gain in three months this week, mostly recouping the prior week's steep decline, as confidence in China's recovery solidified among traders.
West Texas Intermediate rallied above $79 a barrel on Friday, capping a more than 8% weekly advance that marked its strongest week since October. China is ramping up purchases of crude after Beijing issued a fresh round of import allowances, and consumption is poised to surge to a record this year following the nation's dismantlin ....