Bullboard - Stock Discussion Forum Veren Inc T.VRN

Alternate Symbol(s): VRN

Energy Oil & Gas E&P

Veren Inc. is a Canada-based oil producer with assets in central Alberta and southeast and southwest Saskatchewan. The principal activities of the Company are acquiring, developing and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly owned subsidiaries. Its core operational areas include Kaybob Duvernay and Alberta... see more

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Veren Inc > This sounds positive to me..

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Post by Moemoney42 on Sep 05, 2024 11:08pm

This sounds positive to me..

“Crude oil edged higher as bullish signals offset the bearish sentiment that has gripped the market in recent days,” ANZ analyst Daniel Hynes said, adding that a weaker dollar was also supporting commodities prices.

Brent settled down 1 cent at its lowest close since June 2023 on Thursday and WTI was down 5 cents to the lowest close since December 2023 after data showed that U.S. crude stockpiles fell to a one-year low last week.

Crude stockpiles fell by 6.9 million barrels to 418.3 million barrels last week compared with analysts’ expectations in a Reuters poll for a 993,000-barrel draw.

Also lifting prices, OPEC+ agreed to delay a planned oil production increase for October and November, the producers group said on Thursday, adding that it could further pause or reverse the hikes if needed."

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