Energy news

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Brent Crude - Volatile start for oil ahead of OPEC+ meeting

PMIs continue to point to a weakness in demand OPEC+ holds the key to crude oil prices Lost momentum ahead of recent decline It's been a volatile start to the week for oil, with prices initially rising before falling negative to trade almost 2% lower on the day. We've had a vast selection of PMIs to bear in mind today, as well as speculation around the OPEC+ decision on Wednesday and, of course, the US averted a government shutdown.

02-10-2023 17:30 GMT by Craig Erlam

USD/CAD: Loonie weakens after GDP miss and on oil profit-taking

Canadian economy struggles to find growth Oil price rally exhausted as $100 price remains elusive GDP sends BOC rate hike odds down; October 25th meeting at 30.4% vs yesterday's 42.2% USD/CAD rises to a two-week high after loonie bulls disappeared after a disappointing July GDP report. It looks like Wall Street was a bit too optimistic on the Canadian economy and expectations for August is for a similar reading. The Canadian economic outlook is struggling as the impact from Bank of Canada's ag

29-09-2023 16:04 GMT by Edward Moya