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Echo Energy plc

Oil prices hover near 3-month highs

Oil climbed almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness owing to OPEC+ production cuts and renewed optimism on the outlook for Chinese demand

Echo Energy plc

Oil prices edge higher on mixed US data

Oil prices climbed more than 1 per cent on Tuesday evening as data showed a mixed picture for the US economy, outweighing Chinese economic growth numbers. US retail sales rose less

Echo Energy plc

Oil steadies after 2% rise

Oil prices steadied on Wednesday after rising by more than 2 per cent the previous day amid prospects of tightening crude supply, increasing fuel demand and a softer US dollar. Brent,

Echo Energy plc

Oil rallies on Saudi and Russian output cuts

Oil rose on Monday after top exporters Saudi Arabia and Russia announced supply cuts for August, overshadowing concern over a global economic slowdown and the potential for further increases to

Echo Energy plc

Oil prices inch higher

Oil prices rose slightly in choppy trading on Monday, as investors balanced concerns about global demand growth against upcoming supply disruptions that could be exacerbated by political instability in Russia.

Echo Energy plc

Oil prices rebounded early on Wednesday

Oil prices rebounded early on Wednesday, recovering after two straight sessions of losses, as expectations of hawkish Federal Reserve talk later in day and possible U.S. crude stock drawdowns outweighed

Echo Energy plc

Oil prices climb on bargain hunting

Oil prices traded up on Tuesday on bargain hunting, recovering some ground from the previous day’s plunge, but gains were limited as investors remained cautious ahead of key policy decisions

Echo Energy plc

Oil prices edge higher

Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts outweighed weak Chinese export data and rising U.S. fuel stocks. Brent crude futures were

Echo Energy plc

Oil ticks up as markets weigh U.S. debt deal

Oil prices edged higher in choppy trading on Monday, as markets weighed a tentative U.S. debt ceiling deal that would avert a default by the world’s top oil consumer against