Energy news

Energy commodities are essential fuels that power modern society. Explore key energy sources like crude oil, natural gas, coal, and emerging renewable energies. Learn about their global impact on the economy and environment.

Oil Price Update - Oil Prices Fall as Gaza Talks and Hurricane Beryl Take Center Stage

Geopolitical events and weather disruptions are currently the main drivers of oil price fluctuations. OPEC+ production cuts have contributed to tighter oil markets, supporting prices. Can it continue? Technical analysis suggests key support and resistance levels to watch for future price movements. MOST READ: The Week Ahead – Will US Inflation Data Derail Market Optimism? Oil prices have retreated sharply since printing a fresh high on Friday.

08-07-2024 08:07 GMT by Zain Vawda

The Week Ahead - Will US Inflation Data Derail Market Optimism?

Soft US economic data, including lower-than-expected job growth, has increased market expectations for a September rate cut. The week ahead features important data releases, including US inflation figures and Chinese inflation data. US Inflation holds the key to a September rate cut.

05-07-2024 14:23 GMT by Zain Vawda