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 pushing higher, gold awaits Powell

Pushing the highs Oil prices rebounded again on Monday, the second day in a row that they've reversed sizeable early losses to end the day in positive territory. They're now on a good run and traders were clearly not deterred by China's modest growth target for long.

07-03-2023 03:39 GMT by Craig Erlam

US Close: Stocks higher on hopes the Fed is almost done, Oil higher, Gold awaits Powell, Crypto little changed

US stocks rallied as optimism grew for the end of the Fed’s rate hiking campaign. It looks like traders are now between two or three more quarter-point rate rises and that is good news for risky assets. This is likely the most important week of the year as we will find out the short-term trajectory for both the world’s two largest economies.

06-03-2023 13:46 GMT by Edward Moya