Oil price jumps on US stimulus hopes

Following the biggest daily slide in three weeks on Wednesday, oil prices rose by more than 2 percent on Thursday morning after House Speaker Nancy Pelosi instilled hope in the markets that a deal on a new U.S. stimulus package could be imminent.

As of 11:37 a.m. EDT on Thursday, WTI Crude was rising by 2.25 percent at $40.94, and Brent Crude prices were up 2.28 percent at $42.70.

Oil prices were only slightly up in earlier trade, but extended gains after Speaker Pelosi said that talks with Treasury Secretary Steven Mnuchin continue and a deal could be imminent.  

Serinus Energy plc (LON:SENX) is an international oil company with operations in Romania and Tunisia. The focus of the Company is to enhance shareholder value by growing oil and gas production through the efficient allocation of capital.

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

More articles like this

Serinus-Energy

Oil climbs on drop in US oil stockpiles

Oil prices rose on Wednesday, extending overnight gains, after industry data showed a drop in U.S. crude inventories, which reinforced OPEC’s robust demand outlook, and as the shutdown of the biggest U.S. fuel pipeline headed into a sixth

Serinus-Energy

Serinus Energy sees a strong recovery in prices

Serinus Energy plc (LON:SENX) has announced the release of its interim results for the three months ended 31 March 2021. HIGHLIGHTS Operational ·      Serinus Energy plc and its subsidiaries (“Serinus”, the “Company”, or the “Group”) have continued to operate

Serinus-Energy

Serinus Energy Rhonda Yaniw share subscription

Serinus Energy plc (LON:SENX, WSE:SEN) has announced that Rhonda Yaniw, Head of Corporate Administration for Serinus, has subscribed for 100 new ordinary shares in the Company at a price of 3p per share. This will ensure that the forthcoming

Serinus-Energy

Oil to hit $80 on largest ever demand jump

Goldman Sachs expects global oil demand to realize the biggest jump ever over the next six months, the investment bank said on Wednesday, keeping its bullish forecasts for oil prices this summer. Higher demand for travel and acceleration

Serinus-Energy

Oil prices reverse losses

Energy stocks are set to open higher, rebounding from a stretch of losses this week and seeking to carry over yesterday’s gains.  Oil prices have recently turned higher.  Earnings results continue to pick up across the sector. Oil

Serinus-Energy

Serinus Energy AGM to be held 13 May 2021

Serinus Energy plc (LON:SENX) has announced that a Notice of Meeting has been posted to shareholders and filed for the Company’s Annual General Meeting to be held on 13 May 2021 at 2nd Floor, The Le Gallais Building,