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.

Brent Crude - Oil trading choppy but holding onto recent gains

Better inflation outlook helps to lift oil prices China stimulus could boost demand further 200/233-DMA a potentially big test of resistance above Oil prices have steadied after a volatile week following the breakout from its two-month range. The break came on the back of output curbs from Saudi Arabia and Russia, initially, but then better inflation data from the US, eurozone, and UK which could boost economic prospects. Since then, the price has been volatile but importantly held above previo

20-07-2023 12:25 GMT by Craig Erlam

Oil rally capped, Gold finds its pre-FOMC decision range, RFK Jr talks Bitcoin

EIA Report showed Cushing stockpiles declined most since October 2021 Fed rate cut bets for December 13th FOMC meeting rise to 24.0% Bitcoin bulls nervous a US ETF launch could trigger a similar Bitcoin futures collapse Oil Crude prices tentatively rose but gains were capped as Russian exports are expected to rise and as the EIA report posted disappointing demand figures. Oil was steadily rising over the past few weeks on expectations that Russia and the Saudis would keep this market tight. Ru

19-07-2023 14:44 GMT by Edward Moya