Energy news

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US Open: A busy Tuesday, Putin vows to continue War, Weak outlooks from retailers, Walmart, Home Depot, Oil struggles, Gold lower ahead of Fed, Bitcoin resilience

US stocks are declining after retail earnings suggest margin worries are here and it will only get worse as the Fed is likely to deliver more tightening into early summer. Treasury yields are surging here as a tight labor market will force the Fed to do more tightening. Retailer earnings are suggesting it is going to be a tough year ahead and that should keep the pressure on stocks. Geopolitics Russia’s Vladimir Putin’s State of the Union speech suspended participation in a key nuclear arms p

21-02-2023 07:48 GMT by Edward Moya

Oil in choppy waters, gold edges lower

Choppy trading continues Oil remains choppy this week with Brent and WTI slipping around 1% in early trade on Tuesday, wiping out similar gains at the start of the week. There is undoubtedly more optimism around the Chinese economy which will stimulate more demand this year but at the same time, sentiment is cooling on the global economy as interest rates are projected to go a little higher than previously anticipated. This was always likely to be a quarter of big swings in sentiment as it was t

21-02-2023 03:40 GMT by Craig Erlam