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 is ready to rally, Gold stabilizes, SEC sends Bitcoin towards $30K

Oil Oil’s fourth straight quarterly decline should be its last one. WTI crude is trying to stabilize above the $70 level as the oil market is destined for a deficit in the second half of the year. The crude demand outlook has too much doom and gloom priced in as the US and China outlooks should remain upbeat. China might be buying cheaper discounted Russian crude, but soon they will require more and those purchases could broaden as they slowly deliver more economic stimulus.

30-06-2023 10:26 GMT by Edward Moya

Oil edges higher, gold struggling on US rate concerns

Oil remains range bound but ending the week on a positive Oil prices are edging higher again today but given how they've traded over the last couple of months I'm struggling to read too much into it. The inventory data on Wednesday was bullish on the face of it and the eurozone inflation data today won't do it any harm either, but uninspiring Chinese PMIs overnight don't fill me with confidence. Broadly speaking, it's range-bound as it has been since early May, and showing little signs of breaki

30-06-2023 08:41 GMT by Craig Erlam