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Energy Sector Under Pressure as Oil Retreats from Last Week's Gains

Discussion in 'Fundamental Analysis' started by Angela_Riplay, Dec 29, 2015.

  1. Angela_Riplay

    Angela_Riplay Forum Member

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    Asian equity indices are marginally higher, however the prevailing theme of pressure from the energy space has carried over from the US session. PetroChina and CNOOC were among the laggards in Hong Kong, as WTI crude has pulled back below the $37/brl mark. After Saudi Arabia announced lower expected revenue[​IMG]

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