Stormy weather added to the volatility as we approach the weekend
Its now reporting season for the major oil companies.
While the oversupply of crude continues to weigh on the market, the good news is the strength of compliance by OPEC and supporting countries to agreed production cuts
Analysts are divided on what might happen as the sense of optimism for higher prices seems to be fading, but all is not lost in the longer term, as the International Energy Agency says the fundamentals looked set “to move closer to balance in the second half of the year.”
The pharma group specializing in dermatological products also narrowed its net loss in the fiscal first quarter