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 Prices Near Recent Lows: Demand Concerns Keep Bulls at Bay

Oil prices remain subdued due to recession fears and demand concerns. US stockpiles unexpectedly increased, adding to the bearish sentiment, EIA data out later today. Geopolitical tensions in the Middle East and China's economic outlook are also contributing factors. Most Read: USD/CAD Targets 1.3740 Support as Canada’s Trade Balance Surges Oil prices continued to struggle yesterday as increasing recession fears kept bullish investors at bay. The prospect of a recession is exacerbating global d

07-08-2024 05:18 GMT by Zain Vawda

Markets Weekly Outlook - Rising US Job Fears, Geopolitics in the Spotlight

US jobs data underwhelmed, triggering the SAHM rule, signaling a likely recession. The Magnificent 7 tech companies have lost nearly $1.75 trillion in market capitalization over the past 10 days. Rate cut bets for the US face significant revisions with recessionary fears weighing on global markets. Reserve Bank of Australia (RBA) next week. Will the RBA deliver a dovish pivot. Read More: EUR/CHF: Medium-term global risk-off kickstarts (Part 2) Week in Review: US Unemployment Rate Triggers Reces

02-08-2024 13:37 GMT by Zain Vawda