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.

Brent Crude - Oil recovers as markets price in more rate cuts

Better economic prospects buoy oil Downside risks remain as central bankers push back Brent testing key resistance Oil prices are recovering a little but remain broadly under pressure after falling 20% over two months from the middle of October.

18-12-2023 15:44 GMT by Craig Erlam

WTI Oil Technical: Medium-term downside momentum has eased

Two key positive technical analysis elements have emerged at the US$67.55/66.35 major support zone. The current medium-term downtrend phase from September 2023 may have reached a terminal point for a potential bullish reversal. China’s rosy retail sales and industrial production for November managed to offset downbeat housing data that provided a short-term tailwind for oil prices. The medium-term downtrend phase of West Texas Oil (a proxy of WTI crude oil futures) in place since the 28 Septemb

15-12-2023 01:08 GMT by Kelvin Wong