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 recovering slowly, can gold hit $2000?

Economic fears weigh on oil recovery Oil prices are continuing to gradually recover but remain way off pre-banking mini-crisis levels. The prolonged economic scarring of the last month will likely slow the economy if not cause a recession and lower interest rate expectations are not enough to support oil prices in the short term. They continue to trade around the range lows from the months that preceded recent events and may struggle to reestablish themselves around those previous levels.

31-03-2023 09:55 GMT by Craig Erlam

Oil gains ground as risk appetite improves, gold steady

Oil prices have continued to recoup losses in recent days as sentiment has improved, yields have edged higher and global economic prospects have improved. Recent volatility has been a firm reminder of the uncertainty that lies ahead, even as we seemingly near the end of the tightening cycles.

30-03-2023 07:31 GMT by Craig Erlam