Market info

Market info

Oil rises to seven-week high


Oil extended gains after closing at a seven-week high as around a third of the Gulf of Mexico’s crude output was cut before a potential hurricane and U.S. crude inventories shrunk more than expected.

Market info

Oil dips as global economy takes precedence


Oil fell for the first time in a week as concern over the slowing global economy took precedence over geopolitical tensions, while investors waited for an indication on the Federal Reserve’s rate-cut path.

Market info

Exploration: Oil finds in Greater Edvard Grieg area


Westwood Global Energy reports that there were five active exploration wells and two active appraisal wells as of June 25. Since the last report, six wells have spudded and four have completed.

Market info

Pound pegged back as Brent trades lower


The FTSE 100 ended the day higher on Wednesday while the pound was held back by Brexit worries following Theresa May's desperate plea to Jeremy Corbyn to help end deadlock in Westminster.