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.

Markets Weekly Outlook - ‘Magnificent 7’ Earnings, BoJ Meeting and US Jobs Data

Markets are in a holding pattern as investors weigh risks and uncertainties ahead of a busy week filled with key events. The US election is drawing closer, and markets may react to the possibility of a Trump victory, which could lead to a rise in the US Dollar and inflation expectations. The Bank of Japan (BoJ) meeting is a highlight in Asia, with market expectations leaning towards no rate hike. In the UK, the first budget by the Labor Party under Chancellor Rachel Reeves is highly anticipat

25-10-2024 12:43 GMT by Zain Vawda

Brent Crude - Oil Rises on China Rate Cuts but Middle East Uncertainty Lingers

Oil prices rose due to Chinese rate cuts and Middle East uncertainty. The IMF downgraded its global growth forecast to 3.2%. Technically, Further upside is possible if conditions remain consistent. Geopolitics remains key. Most Read: USD/CHF Technical Outlook: Pullback Before Continuation? Oil prices are enjoying a mini renaissance to start the week thanks to Chinese rate cuts and the ongoing and ever changing situation in the Middle East.

22-10-2024 10:40 GMT by Zain Vawda