Oil markets continue recovering

Crude oil markets had dipped on Thursday but have recovered slightly during the day as we continue to try to recover from the big break down previously.

Brent markets have also rallied in the same way that the WTI market has. Ultimately, we are testing the 50 day EMA for resistance, but could break above there to go looking towards the 200 day EMA. 

Union Jack Oil plc (LON:UJO) is an onshore oil and gas exploration company with a focus on drilling, development and investment opportunities in the United Kingdom hydrocarbon sector.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Union Jack Oil

More articles like this

Union Jack Oil

Oil settles up 2% at 10-week high

Oil prices jumped on Tuesday, settling up about 2%, boosted by a falling U.S. dollar, hopes for higher demand in the developing world and supply cuts by the world’s biggest oil exporters. Brent futures rose $1.71,

Union Jack Oil

Oil prices rally as Saudi Arabia extends output cut

Oil prices rallied on Monday after top crude exporter Saudi Arabia said it would extend its voluntary output cut of 1 million barrels per day until August. Brent, the benchmark for two thirds of the world’s

Union Jack Oil

Oil prices climb

Oil was slightly higher on Monday and the rouble lower as an abortive weekend mutiny by Russian mercenaries raised questions about Russian stability and crude supply, but left investors hesitant to draw any further conclusions. Brent

Union Jack Oil

Oil prices rise today

Oil prices rose on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s June meeting after bullish oil demand growth forecasts from the International Energy Agency (IEA) and OPEC. Brent crude futures were up 76 cents, or

Union Jack Oil

Oil steadied on Thursday

Oil steadied on Thursday as a potential pause in U.S. interest rate hikes and the passing of a crucial vote on the U.S. debt ceiling bill were offset by a report of rising inventories in the

Union Jack Oil

Wressle oil delivers first Union Jack annual profit

Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today. It also announced its first annual profit and record high cash balances. In its accounts,

Union Jack Oil

Union Jack Oil achieves $15m revenue landmark from Wressle

Union Jack Oil announced on Wednesday that it has achieved material landmark net revenues of over $15m from the Wressle hydrocarbon development, located within licences PEDL180 and PEDL182 in North Lincolnshire, on the western margin of the

Union Jack Oil

Union Jack Oil achieves landmark US$15,000,000 revenues at Wressle

Union Jack Oil plc (LON:UJO) a UK focused onshore hydrocarbon production, development and exploration company, has announced that material landmark net revenues, in excess of US$15,000,000 have been achieved from the Wressle hydrocarbon development, located within

Union Jack Oil

Union Jack Oil relays upbeat Wressle update

Union Jack Oil PLC relayed to its investors an update for its joint venture partner projects onshore UK, with Europa Oil & Gas (Holdings) PLC and Egdon Resources PLC. It comes ahead of Union Jack’s interim

Union Jack Oil

Union Jack Oil PEDL183 analysis via Reabold Resources

Union Jack Oil plc (LON:UJO), a UK focused, onshore hydrocarbon production, development and exploration company noted today’s announcement from Reabold Resources plc (LON:RBD) which includes an analysis Reabold independently commissioned in respect of an exploration well drilled on PEDL183 in

Union Jack Oil

Oil edges up on China demand hopes

Oil edged higher on Tuesday, on track for a third day of gains, supported by investor optimism that holiday travel in China would boost fuel demand and by expectations U.S. inventories would show a drop in