Crude Oil prices are expected to trade higher today

On Thursday, the U.S. markets were closed on account of Thanks giving holiday which led to a muted trading session. Markets will have a keen watch on the upcoming OPEC+ meeting for cues on their approach in the coming months.

WTI trade volumes lower ahead of the US Thanksgiving holiday, while U.S. crude stocks swelled by 1.6 million barrels last week as production hit a record high at 12.9 million barrels per day and refinery runs slowed. Tensions rising between U.S. & China further dampen the demand prospects for Crude and pushed the prices lower.

Solo Oil PLC (LON:SOLO) is an investment company with the target of acquiring a diverse global portfolio of direct and indirect interests in exploration, development and production oil and gas assets, both on-shore and off-shore.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Share on facebook
    Facebook
    Share on twitter
    Twitter
    Share on linkedin
    LinkedIn
    Solo Oil Plc

    More articles like this

    Solo Oil Plc

    Oil prices gain on fall in U.S. crude stockpiles

    Oil prices rose on Thursday as a sharp drop in oil stockpiles outweighed concerns that a spike in U.S. coronavirus infections and revived lockdown measures in California could stall a recovery in fuel demand. Brent crude LCOc1 futures

    Solo Oil Plc

    Solo Oil enters into US$5,000,000 investment facility

    Solo Oil plc (LON:SOLO), the AIM investing company targeting attractive production and development opportunities within the European gas market, has announced the entry into a share subscription deed with Prolific Basins LLC, a U.S.-based specialist energy focused investor.

    Solo Oil Plc

    Crude oil prices inch up

    Oil prices inched up on Friday as the bullish impetus from signs of fuel demand recovery was kept in check by a rising number of new coronavirus cases in the United States and China and tentative expecations of

    Solo Oil Plc

    Oil jumps more than 1%

    Oil rose more than 1% on Monday on tighter supplies from major producers and as coronavirus lockdowns continued to ease, but gains were capped by worries that a worldwide rise in new infections might stall a fuel demand

    Solo Oil Plc

    Re-balancing the oil market

    The oil market reacted positively to the IEA report yesterday, with Brent trading back above US$40/bbl. The agency reported that OECD inventories at the end of April stood at a little over 3.1b bbls, whilst preliminary data suggest

    Solo Oil Plc

    The Helium Market is Heating Up

    It’s not all hot-air balloons and funny voices. Investors are starting to get excited about Helium stocks, and for good reason. The well-known and little-produced gas is important for a variety of industries. The most commonly known include