COM - Camber Energy tops this week's energy nat resource winners; UROY biggest loser
Crude oil overcome a rocky start to the week to finish with four consecutive gains, with demand on the rise and supply shortages persisting in some areas. WTI crude (CL1:COM) for November delivery closed +0.9% to $73.98/bbl, the best settlement for the front-month contract since July 13 and rising 3% for the week. November Brent crude (CO1:COM) logged its highest settlement in nearly three years, +1.1% to $78.09/bbl, with the front-month climbing 3.7% this week. Also, natural gas futures resumed their early September rally, closing +3.3% today at $5.140/MMBtu. Commerzbank cites "limited supply [from] production outages in the Gulf of Mexico [and] lower OPEC+ production than agreed, coupled with robust demand, causing the oil market to tighten noticeably." Production outages are persisting nearly a month after Hurricane Ida made landfall, with 294K bbl/day still offline. or 16% of U.S. Gulf oil production. "Looking at oil demand, no new lockdowns in
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Camber Energy tops this week's energy, nat resource winners; UROY biggest loser