Oil holds gain as big U.S. inventory draw points to tighter market

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Europe's Gabon-exposed stocks slide after military coupShares in European oil producers, miners and other companies with large exposures to Gabon plummeted on Wednesday after a military coup raised concerns over their operations in the resource-rich African country. London-listed oil producer Tullow Oil fell as much as 12% in afternoon trading, while French energy companies TotalEnergies Gabon and Maurel et Prom and miner Eramet all dropped by more than 20% at one point. 'Shares are reacting to concerns over the backdrop in Gabon,' said Investec equity analyst Alex Smith in London.
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Opinion: As our forests burn, oil companies are doubling down on their old business modelsWith the Earth in the grips of a climate crisis, fossil fuel companies shouldn’t be given a pass
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