Oil fell the most in three months as Federal Reserve Chair Jerome Powell doubled down on his determination to curb the hottest inflation in decades with more aggressive rate hikes.
West Texas Intermediate dropped to $109.56, shedding 6.8%, the biggest daily drop since March. Powell this week openly endorsed for the first time raising interest rates well into restrictive territory, a strategy that's often resulted in an economic downturn and could blunt energy consumption. On Friday he reitera ....
20 Jun 2022
Cenkos: Oil & Gas Sector -- Wentworth Resources, Scirocco Energy, Tethys Oil, Rockhopper Exploration, Longboat Energy, Centrica, Equinor, SDX Energy, IGas Energy, Valeura Energy, Orcadian Energy, Eco (Atlantic) Oil & Gas, Hurricane Energy, PetroNeft Resour
Falcon Oil & Gas Ltd. (FOG:LON), 7.2 | 88 Energy Limited (88E:LON), 0.3 | Chariot Limited (CHAR:LON), 8.9 | Diversified Energy Company PLC (DEC:LON), 946 | Empyrean Energy PLC (EME:LON), 0.6 | GETECH Group plc (GTC:LON), 9.0 | Trinity Exploration & Production Plc (TRIN:LON), 40.0 | Tethys Oil AB (TETY:OME), 0
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Cenkos: Oil & Gas Sector -- Wentworth Resources, Scirocco Energy, Tethys Oil, Rockhopper Exploration, Longboat Energy, Centrica, Equinor, SDX Energy, IGas Energy, Valeura Energy, Orcadian Energy, Eco (Atlantic) Oil & Gas, Hurricane Energy, PetroNeft Resour
Falcon Oil & Gas Ltd. (FOG:LON), 7.2 | 88 Energy Limited (88E:LON), 0.3 | Chariot Limited (CHAR:LON), 8.9 | Diversified Energy Company PLC (DEC:LON), 946 | Empyrean Energy PLC (EME:LON), 0.6 | GETECH Group plc (GTC:LON), 9.0 | Trinity Exploration & Production Plc (TRIN:LON), 40.0 | Tethys Oil AB (TETY:OME), 0
- Published:
20 Jun 2022 -
Author:
James McCormack -
Pages:
8
Oil fell the most in three months as Federal Reserve Chair Jerome Powell doubled down on his determination to curb the hottest inflation in decades with more aggressive rate hikes.
West Texas Intermediate dropped to $109.56, shedding 6.8%, the biggest daily drop since March. Powell this week openly endorsed for the first time raising interest rates well into restrictive territory, a strategy that's often resulted in an economic downturn and could blunt energy consumption. On Friday he reitera ....