The directors and management of Strata‐X Energy Ltd (TSXV:SXE) are pleased to announce an update on the Company's co‐listing on the Australian Securities Exchange and to divulge that its subsidiary company, Strata‐X, Inc., has completed and closed a Transaction to purchase three producing oil and gas leases in the State of Illinois, USA to push the development of the Vail Oil Project.
Reuters reported that the price of oil went up on Friday after U.S. Republican leaders of the House of Representatives confirmed that they would seek to put an end to the budget impasse next week.
Reuters reported that oil prices went down Friday, exacerbated by a drop in gasoline futures on talks that a large number of European gasoline is headed to the New York Harbor.
Bloomberg reported that oil has reached its highest in three months, with prices rising 0.8% as China’s exports accelerated.
Reuters reported that oil prices went down Wednesday as U.S. fuel stocks went up. Gold and natural gas are also slipping.
Bloomberg reported that crude oil options have sunk the most since May 2 at 21.66% as of 3:40PM on the New York Mercantile Exchange amid a better-than-expected U.S. jobs report.
Bloomberg reported that crude drops from a three-month high as 372,000 Americans filed for jobless claims last week.
Bloomberg reported that in New York, oil gets its biggest weekly gain since August as lawmakers have scheduled talks to avert the fiscal cliff.
Bloomberg reported economist and energy consultant, Mohammad Al-Sabban, has said Saudi Arabia must review its $43B a year domestic subsidy bill.
Pinecrest Energy Inc. (TSXV:PRY) has announced it has been informed by Spartan Oil Corp. that Spartan has received an unsolicited offer from a third-party to acquire all of the outstanding and issued common shares of Spartan.
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