Oil posted its sixth weekly advance, closing at the highest level since 6 March after a US jobs report beat analysts' forecasts, adding to a rally fuelled by a tentative OPEC+ deal to extend output cuts.
Futures in New York rose 11% this week, topping $39 a barrel for the first time since early March. Ahead of a Saturday OPEC+ meeting, the producer alliance agreed to extend output curbs by another month after members who have not complied with the quotas said they would compensate in the comi ....
08 Jun 2020
Cenkos: Oil & Gas Sector -- United Oil & Gas, Empyrean Energy, Getech Group, Trinity Exploration & Production, UK Oil & Gas, Providence Resources, Premier Oil, BP, Independent Oil & Gas, Petrofac, President Energy, Cluff Natural Resources, Gran Tierra Ener
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Cenkos: Oil & Gas Sector -- United Oil & Gas, Empyrean Energy, Getech Group, Trinity Exploration & Production, UK Oil & Gas, Providence Resources, Premier Oil, BP, Independent Oil & Gas, Petrofac, President Energy, Cluff Natural Resources, Gran Tierra Ener
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:
08 Jun 2020 -
Author:
James McCormack -
Pages:
7
Oil posted its sixth weekly advance, closing at the highest level since 6 March after a US jobs report beat analysts' forecasts, adding to a rally fuelled by a tentative OPEC+ deal to extend output cuts.
Futures in New York rose 11% this week, topping $39 a barrel for the first time since early March. Ahead of a Saturday OPEC+ meeting, the producer alliance agreed to extend output curbs by another month after members who have not complied with the quotas said they would compensate in the comi ....