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.

Mid-Market Update: US stocks drop after impressive retail sales data supports the Fed’s hawkish case for more hikes, January shopping spree, Empire improves, Massive stockpile build sinks oil, Gold weakens, Crypto wavers

US stocks softened after an upside surprise with retail sales supports the idea that the Fed can remain very aggressive with fighting inflation. The US economy is looking like it will have a solid first quarter and recession doubts are getting some vindication here.

15-02-2023 11:03 GMT by Edward Moya

Oil range-trading, gold slips lower

Large inventory build weighs Oil prices are a little lower again today but remain broadly within the same range they've traded in over the last couple of months. China has been a very bullish development for crude oil but the global economy as a whole is much more uncertain.

15-02-2023 04:21 GMT by Craig Erlam