Oil just managed a weekly gain as an impasse in Washington over pandemic relief dimmed chances of an imminent boost to demand.
Futures in New York eased off a nine-month high alongside a broader market decline as bipartisan talks on another round of US fiscal stimulus stalled. West Texas Intermediate rose less than 1% for the week. A pullback was largely expected after Brent's rally above $50 earlier in the week, with a key technical benchmark settling in overbought territory on Thursday.
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14 Dec 2020
Cenkos: Oil & Gas Sector -- United Oil & Gas, Falcon Oil & Gas, Origin Energy, 88 Energy, Africa Oil Corp, Africa Energy, Reabold Resources, Union Jack Oil, Petronas, Exxon Mobil, Wentworth Resources, Neptune Energy, Independent Oil & Gas, Energean, Gran T
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Cenkos: Oil & Gas Sector -- United Oil & Gas, Falcon Oil & Gas, Origin Energy, 88 Energy, Africa Oil Corp, Africa Energy, Reabold Resources, Union Jack Oil, Petronas, Exxon Mobil, Wentworth Resources, Neptune Energy, Independent Oil & Gas, Energean, Gran T
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:
14 Dec 2020 -
Author:
James McCormack -
Pages:
7
Oil just managed a weekly gain as an impasse in Washington over pandemic relief dimmed chances of an imminent boost to demand.
Futures in New York eased off a nine-month high alongside a broader market decline as bipartisan talks on another round of US fiscal stimulus stalled. West Texas Intermediate rose less than 1% for the week. A pullback was largely expected after Brent's rally above $50 earlier in the week, with a key technical benchmark settling in overbought territory on Thursday.
....