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 Eyes Break of Key Confluence Level on Chinese Optimism

Oil prices rose due to declining US stockpiles and renewed Chinese optimism after President Xi Jinping pledged to promote growth. Mixed results from Chinese manufacturing data may indicate that government stimulus programs are starting to work. A Reuters poll predicts oil prices will remain around $70 a barrel in 2025. From a technical perspective, price action suggests a breakout may be imminent.

02-01-2025 06:29 GMT by Zain Vawda

Markets Weekly Outlook - PMI Data and Increased Liquidity to Drive Markets

US equities experience volatility amid tech and growth stock fluctuations, ending the Santa Rally week with marginal gains. Japanese Yen strengthens due to expected Bank of Japan policy changes, while US Dollar continues its advance. Key data releases next week include Chinese PMI data and US manufacturing PMI, with market focus on potential economic recovery signs in China and continued US resilience.

27-12-2024 13:21 GMT by Zain Vawda