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.

Canadian dollar struggles to rise alongside oil

USD/CAD little changed ahead of FOMC decision Canadian dollar was fourth-worst performer in the Group-of-10 currencies. Oil rallies on improved global outlook and Chinese stimulus Gold awaits the Fed decision Commodities and some commodity currencies caught a bid after China policymakers signaled more stimulus would soon help their struggling recovery, but that didn't help the Canadian dollar. Canada's largest export has seen oil prices catch a bid over the past month, while the loonie has

25-07-2023 15:25 GMT by Edward Moya

Oil reaches 3-month high, Gold and Bitcoin edge lower

Oil Crude prices are tentatively breaking out as expectations remain for the oil market to remain tight despite all global weakness that is emerging. The rally in crude oil is impressive as it occurs as Europe is looking very weak right now, the US is slowing down, and China’s Politburo isn’t expected to unveil major stimulus this week. Oil is also getting a boost from Wall Street as optimism grows the end of the Fed’s rate hiking campaign appears it could be here. With Europe lagging by a c

24-07-2023 14:29 GMT by Edward Moya