Bullboard - Stock Discussion Forum Cardinal Energy Ltd (Alberta) T.CJ

Alternate Symbol(s): CRLFF

Energy Oil & Gas E&P

Cardinal Energy Ltd. is a Canadian oil and natural gas company with operations focused on low decline oil in Western Canada. The Company is engaged in the acquisition, development, optimization and production of crude oil and natural gas in the provinces of Alberta, British Columbia and Saskatchewan. Its operating areas include the Midale, South District, Central District, and North District... see more

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Cardinal Energy Ltd (Alberta) > Crude Oil Futures Surge as Bullish Sentiment Builds

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Post by Quintessential1 on Sep 21, 2024 9:31am

Crude Oil Futures Surge as Bullish Sentiment Builds

Light crude oil futures have rallied sharply this week, supported by multiple key factors. The U.S. Federal Reserve’s aggressive rate cut, escalating geopolitical tensions between Israel and Hezbollah, and a significant drawdown in U.S. crude stockpiles have all contributed to higher prices. However, concerns over weak demand from China remain a limiting factor, creating mixed sentiment in the market.

https://oilprice.com/Energy/Energy-General/Crude-Oil-Futures-Surge-as-Bullish-Sentiment-Builds.html

GLTA ;-)