Daily Snapshot

Daily Snapshot – 4 June 2024

Everything is relative in this industry and we are still fairly close to recent highs but there was little doubt that at times today felt on the painful side. Oil breaking below not one, but two supports in the last few sessions and an OPEC meeting that didn’t soothe investor’s fears set the tone for a day when Energy names in Europe came under pressure from the outset: BP a 12mo relative low, TotalEnergies right at a big level just a couple but there was nowhere to hide with the sector (SXEP)…

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