Energy companies are on the rise again after recovery from Brexit shock. Oil prices are gradually picking up pace resulting to dealers’ confidence that its value would be settling at $60 per barrel.
Companies are starting to release millions of funds to purchase leases in oil-rich lands and enter into acreage deals which is a good sign in terms of sales resumption.
An estimated $5.1 billion were traded in june between the US and Canada, as companies to warm up in closing deals, compared to the previously stagnant deals and equities sold in small transactions.
The material has been provided by InstaForex Company – www.instaforex.com