Oil posted its second weekly loss for the month, as a surge in US coronavirus cases clouds the demand outlook and casts doubts on the market's recovery.
Futures in New York slipped 3.2% this week. The price slump comes just days after oil closed above $40 for the first time since early March, and following a run of weekly gains that lifted oil from its historic plunge below zero in April. Texas -- the centre of the American oil industry -- halted its reopening as virus infections jumped, and ....
29 Jun 2020
Cenkos: Oil & Gas Sector -- United Oil & Gas, Phoenix Global Resources, San Leon Energy, President Energy, Ascent Resources, Caspian Sunrise, Lansdowne Oil & Gas, Angus Energy, I3 Energy, IGas Energy, SDX Energy, Lekoil, Petrofac
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Cenkos: Oil & Gas Sector -- United Oil & Gas, Phoenix Global Resources, San Leon Energy, President Energy, Ascent Resources, Caspian Sunrise, Lansdowne Oil & Gas, Angus Energy, I3 Energy, IGas Energy, SDX Energy, Lekoil, Petrofac
Falcon Oil & Gas Ltd. (FOG:LON), 8.6 | 88 Energy Limited (88E:LON), 0.3 | Diversified Energy Company PLC (DEC:LON), 928 | Empyrean Energy PLC (EME:LON), 0.6 | Trinity Exploration & Production Plc (TRIN:LON), 37.2 | Barryroe Offshore Energy PLC (PVDRF:OTC), 0
- Published:
29 Jun 2020 -
Author:
James McCormack -
Pages:
7
Oil posted its second weekly loss for the month, as a surge in US coronavirus cases clouds the demand outlook and casts doubts on the market's recovery.
Futures in New York slipped 3.2% this week. The price slump comes just days after oil closed above $40 for the first time since early March, and following a run of weekly gains that lifted oil from its historic plunge below zero in April. Texas -- the centre of the American oil industry -- halted its reopening as virus infections jumped, and ....