Oil set for third weekly gain

Oil is set for a third weekly gain in New York on nascent signs of a demand recovery, but the pandemic is continuing to cloud the outlook while concerns are rising about over-supply.

October oil was steady near $43 a barrel and up 1.3% for the week. Futures surged to a five-month high on Monday on fresh China stimulus and as a gauge of builder sentiment in America jumped to its highest since 1998. However, optimism was tempered by downbeat comments from the U.S. Federal Reserve and OPEC+ on the demand outlook due to the coronavirus, while American unemployment benefits unexpectedly increased last week.

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

Oil rebounds on robust economic data

Oil prices rose on Tuesday as investors looked for bargains following the previous day’s plunge on rising output from OPEC+, while strong economic data from the United States and China brightened recovery prospects. Brent crude futures rose 78

Oil prices end higher

Oil futures ended higher Monday, shaking off earlier gains, with traders expecting shipping delays to persist, even as one of the world’s largest container vessels has been freed in the Suez Canal. The ship had run aground nearly

Serinus Energy “2020 was a transformational year for the Company”

Serinus Energy plc (LON:SENX) has announced its preliminary financial results for 2020. OPERATIONAL ·      Serinus Energy plc and its subsidiaries (“Serinus”, the “Company”, or the “Group”) have continued to operate safely and effectively through the COVID-19 pandemic, with the

Crude oil markets finding support

The West Texas Intermediate Crude Oil market has initially fallen during the trading session on Monday to find support just above the $60 level. At this point, the market looks as if it is trying to test the bottom of

Serinus Energy to present live presentation on 30 March 2021

Serinus Energy plc (LON:SENX) has announced that Jeffrey Auld CEO, Andrew Fairclough CFO and Calvin Brackman Vice President of External Relations and Strategy will provide a live presentation via the Investor Meet Company platform on 30 March 2021 at 4:30pm BST relating to