Oil Stocks Rallied in Morning Trading

Tiger Newspress2022-07-07

Oil Stocks Rallied in Morning Trading.

Chevron, Exxon Mobil, BP, ConocoPhillips, Shell, Occidental, Equinor, and Callon rose between 1% and 5%.Oil edged higher in choppy trading as investors weighed concerns that a potential global slowdown would hollow out energy demand against signs of still-tight physical markets.

Crude oil futures surged on Thursday, wtih WTI oil futures up 4.09%, Brent crude futures up 4.69%.

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Comments

  • tgll
    2022-07-08
    tgll
    Good
  • GH_82
    2022-07-08
    GH_82
    Nice
  • Swordmerlin
    2022-07-08
    Swordmerlin
    Ok
  • Goodmeng
    2022-07-08
    Goodmeng
    👍 
  • robot1234
    2022-07-08
    robot1234
    Oil jumps as tight supply outweighs recession fears. Oil prices surged on Thursday, rebounding from steep losses the previous two sessions, as investors returned their focus to tight supply despite nagging fears of a potential global recession.Brent crude futures settled 3.9% higher at $104.65 per barrel. U.S. WTI crude futures settled 4.26% higher at $102.73. On the supply side, traders are bracing for oil supply disruptions at the Caspian Pipeline Consortium (CPC), which has been told by a Russian court to suspend activity for 30 days. “Recession fears continue to grow and that obviously does raise some concerns for the demand outlook,” said Warren Patterson, ING’s head of commodity research.“However, supportive fundamentals should mean that further downside is relatively limit
  • Zen0321
    2022-07-08
    Zen0321
    👍
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