Oil posted the biggest weekly loss since April as low liquidity fuelled big price swings and as restarts for key pipelines alleviated supply concerns.
West Texas Intermediate briefly fell below $71 a barrel to the lowest price in a year. The US benchmark — along with Brent crude — has given up all of its gains for the year and slumped 11% this week. Thin trading has exacerbated price fluctuations, with volatility rising again Friday on stronger-than-expected US inflation data.
TC Energy C ....
12 Dec 2022
Cenkos: Oil & Gas Sector -- Wentworth Resources, 88 Energy, Chariot, Serica Energy, Savannah Energy, Gran Tierra Energy, Touchstone Exploration, Petro Matad, PetroTal, Pantheon Resources, Valeura Energy, Helium One Global, ExxonMobil
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Cenkos: Oil & Gas Sector -- Wentworth Resources, 88 Energy, Chariot, Serica Energy, Savannah Energy, Gran Tierra Energy, Touchstone Exploration, Petro Matad, PetroTal, Pantheon Resources, Valeura Energy, Helium One Global, ExxonMobil
Falcon Oil & Gas Ltd. (FOG:LON), 6.6 | 88 Energy Limited (88E:LON), 0.2 | Chariot Limited (CHAR:LON), 8.5 | Diversified Energy Company PLC (DEC:LON), 1,079 | Empyrean Energy PLC (EME:LON), 0.5 | GETECH Group plc (GTC:LON), 8.5 | Trinity Exploration & Production Plc (TRIN:LON), 39.0
- Published:
12 Dec 2022 -
Author:
James McCormack -
Pages:
7
Oil posted the biggest weekly loss since April as low liquidity fuelled big price swings and as restarts for key pipelines alleviated supply concerns.
West Texas Intermediate briefly fell below $71 a barrel to the lowest price in a year. The US benchmark — along with Brent crude — has given up all of its gains for the year and slumped 11% this week. Thin trading has exacerbated price fluctuations, with volatility rising again Friday on stronger-than-expected US inflation data.
TC Energy C ....