Oil prices rose on Friday, closing out the week with gains ahead of the US Memorial Day holiday weekend, the start of peak US demand season, and as European nations negotiate over whether to impose an outright ban on Russian crude oil.
Brent crude rose $2.03, or 1.7%, to settle at $119.43. US West Texas Intermediate (WTI) crude rose 98 cents, or 0.9%, to settle at $115.07 a barrel. For the week, Brent rose 6% while WTI gained 1.5%.
Prices drew support from strong worldwide demand for fuel, ....
30 May 2022
Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, Chariot, SDX Energy, Reabold Resources, Phoenix Global Resources, PetroTal Corp, Energean, Angus Energy, IOG, EnQuest, Southern Energy, Nostrum Oil & Gas, Caspian Sunrise, Reabold Resources, Egd
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Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, Chariot, SDX Energy, Reabold Resources, Phoenix Global Resources, PetroTal Corp, Energean, Angus Energy, IOG, EnQuest, Southern Energy, Nostrum Oil & Gas, Caspian Sunrise, Reabold Resources, Egd
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.9 | Diversified Energy Company PLC (DEC:LON), 1,098 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.2 | Trinity Exploration & Production Plc (TRIN:LON), 39.5
- Published:
30 May 2022 -
Author:
James McCormack -
Pages:
8
Oil prices rose on Friday, closing out the week with gains ahead of the US Memorial Day holiday weekend, the start of peak US demand season, and as European nations negotiate over whether to impose an outright ban on Russian crude oil.
Brent crude rose $2.03, or 1.7%, to settle at $119.43. US West Texas Intermediate (WTI) crude rose 98 cents, or 0.9%, to settle at $115.07 a barrel. For the week, Brent rose 6% while WTI gained 1.5%.
Prices drew support from strong worldwide demand for fuel, ....