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.

Podcast - Gold may continue its upside momentum with China's Q3 GDP and UK inflation on the radar next

OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss several key highlights for the week ahead, potential firmer gold and oil prices due to lingering geopolitical risk premium, key China economic data (Q3 GDP, Retail Sales & Industrial Production) as well as UK's inflation data for September where the consensus is expecting another month of slowdown to 6% y/y for core inflation from 6.2% y/y in August. https://open.spotify.com/episode/25ibbNurKomUjUhujYrn2K

17-10-2023 03:29 GMT by Kelvin Wong

MPKW-0015-Podcast-Thumbnail-Dark-–-1600x1600-1.png

WTI Oil Technical: Eying for a potential bullish breakout above 20-day MA

Last Monday’s Asia session (9 October) gap up in price actions seen in WTI crude oil has been filled at the US$83.20 support on Thursday, 12 October. A positive follow-through was seen on last Friday, 13 October where its price actions ended with a daily bullish “Marubozu” reversal candlestick pattern. Watch the intermediate resistance at US$88.60 which also confluences with the 20-day moving average. A volatile week for oil prices on the backdrop of escalating geopolitical tensions in the ongo

16-10-2023 05:52 GMT by Kelvin Wong