Crude clung to losses amid a combination of weak economic data and signals that a recovery in consumption may be slowing.
Futures posted a 0.4% decline in New York on Friday. Although strength in US equities pushed oil up from the lows of the session, futures were unable to rally amid a flurry of disappointing data points. In the US, consumer sentiment posted a surprise drop and Covid-19 cases in the country passed the 3.6 million mark.
Meanwhile in India, road fuel sales fell in the first hal ....
20 Jul 2020
Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, UK Oil & Gas Plc, Ithaca Energy, Eco (Atlantic) Oil & Gas, Premier Oil, Reabold Resources, Deltic Energy, President Energy, Valeura Energy, Equinor, Apache Corporation, California Resources Corp
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Cenkos: Oil & Gas Sector -- Trinity Exploration & Production, UK Oil & Gas Plc, Ithaca Energy, Eco (Atlantic) Oil & Gas, Premier Oil, Reabold Resources, Deltic Energy, President Energy, Valeura Energy, Equinor, Apache Corporation, California Resources Corp
Falcon Oil & Gas Ltd. (FOG:LON), 6.8 | 88 Energy Limited (88E:LON), 0.2 | Diversified Energy Company PLC (DEC:LON), 1,082 | Empyrean Energy PLC (EME:LON), 0.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.5 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
20 Jul 2020 -
Author:
James McCormack -
Pages:
7
Crude clung to losses amid a combination of weak economic data and signals that a recovery in consumption may be slowing.
Futures posted a 0.4% decline in New York on Friday. Although strength in US equities pushed oil up from the lows of the session, futures were unable to rally amid a flurry of disappointing data points. In the US, consumer sentiment posted a surprise drop and Covid-19 cases in the country passed the 3.6 million mark.
Meanwhile in India, road fuel sales fell in the first hal ....