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.

Risk aversion weigh on oil and gold, Bitcoin rises on BlackRock planned ETF and EDX launch

Oil Crude prices are lower on disappointment with the size of cuts with China’s key lending rates. Oil seems locked in on anything and everything that has to do with China. Last week, oil was supported by improving Chinese refiner quotas. This week, energy traders are seeing oil weakness emerge on disappointing stimulus efforts. WTI crude looks like it is starting to find some decent support at the $68 region and that should hold as long the Fed does spook markets that they might be read

20-06-2023 12:17 GMT by Edward Moya

Oil remains choppy, gold drifting after US holiday

Oil remains choppy but flat and in lower range Oil prices are relatively flat today, mirroring yesterday's session which was broadly choppy but ultimately directionless. Crude has rebounded strongly since falling toward its 2023 lows early last week but remains in its lower range, roughly between $70-$80 per barrel and it's showing little sign of breaking that in the short term. While some believe the market will be in deficit later in the year, aided by the Saudi-driven OPEC+ cuts, which could

20-06-2023 04:51 GMT by Craig Erlam