Decent gains finish off a strong week for energy markets

THE week started well as hopes for a vaccine for COVID-19 pushed markets and indices up around the world and oil gained more much needed ground, however Brent Crude and West Texas Intermediate both fell about 6% late this afternoon as doubts arose around China’s economic recovery efforts. 

Decent gains finish off a strong week for energy markets Decent gains finish off a strong week for energy markets Decent gains finish off a strong week for energy markets Decent gains finish off a strong week for energy markets Decent gains finish off a strong week for energy markets

Oil price wobbles amid China economy hopes 

It is generally agreed that movement of people within cities, across state borders and internationally will be restricted in some fashion until a vaccine is developed then rolled out, keeping oil
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