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.

Stocks rally on earnings and mixed data; Commodities rise

Fed rate hike odds are now once again pricing in a quarter-point rate rise by mid-year Fed's preferred core gauge of prices hit the quickest pace in a year 2-year Treasury yield rises 14.4 basis points to 4.095% US stocks are rallying on strong earnings and on optimism that the economy will gradually soften and bring down inflation. The Fed will be able to move forward with one, perhaps two more rate hikes, but then that should be it.

27-04-2023 14:49 GMT by Edward Moya

Oil loses OPEC+ gains, Gold rally falters, Cryptos rally on banking woes

Oil tumbles on recessionary fears Gold struggles as yields push higher Bitcoin recaptures $29,000 Oil Crude prices just saw all of its gains from the OPEC+ surprise production cut erased as macro backdrop has become a disaster. Oil has been in freefall over a challenging economic environment, banking jitters, disappointment with China’s reopening, fears of overtightening by the Fed, and on expectation Permian basin production has yet to peak. WTI crude pared losses after a bullish EIA report sh

26-04-2023 15:26 GMT by Edward Moya