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 continues slide, gold higher, bitcoin surges

Terrible week continues Oil prices have been pummelled this week as turmoil in the banking sector has increased the risk of a significant economic slowdown or recession this year. Clearly, traders are not convinced that the worst is behind us which continues to weigh heavily on the price of crude, particularly going into a weekend when anything can happen, as we saw a week ago.

17-03-2023 12:14 GMT by Craig Erlam

US Open: Stocks still jittery on banking woes, Inflation expectation fall to lowest levels in nearly 2 years, Crude struggles, Gold shines, Bitcoin eyes $30k

US stocks are weakening on fears that this week’s banking turmoil will lead to tighter lending standards that will cripple small businesses and eventually send this economy into a recession. The Fed’s rate hiking cycle was already feeling restrictive, so now that we have rising risks of more bank bailouts and even tighter credit standards, the growth outlook for the economy is rather bleak. Next week will be huge as markets are unsure if the Fed will continue to tighten or given this week's ban

17-03-2023 10:58 GMT by Edward Moya