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.

Commodities and Bitcoin rallies stall

Oil inventories drop as Saudis raise prices Gold rally stalls ahead of $2050 Bitcoin anchored at $28,000 Oil Crude prices are wavering after weakening US economic data was countered by a larger than expected draw with stockpiles as demand across all products roared back. Energy traders digested a round of US data that suggests the world’s largest economy is headed towards a recession, but then had a rather bullish EIA crude oil inventory report that was immediately followed by a decision from

05-04-2023 16:28 GMT by Edward Moya

US jobs report eyed as weaker JOLTS data signal slack appearing in labour market

Equity markets are treading water in the middle of the week as investors weigh up what is next for the Fed following the surprise decline in JOLTS job openings, how much further the RBNZ will go in light of today's decision and what the OPEC+ cut means for oil prices and inflation. There's been a lot to take on board over the last few days and it's been a real mix of good and bad news.

05-04-2023 04:52 GMT by Craig Erlam