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 rally hits a wall, Gold shines, Keep your eyes on Bitcoin this Friday

Commodities have been supported by a weaker dollar Shortened Trading Week impacting flows Oil rally runs out of steam The crude rally hit a brick wall as market pessimism grows that US economy is headed towards a recession. Yesterday was all about the shock from the surprise OPEC+ production and today is about a weakening economy and growing consensus that a recession will happen later this year. This is a tough shortened trading week given Good Friday holiday for energy traders. A pivotal

04-04-2023 15:53 GMT by Edward Moya

Oil powers higher, gold eyes lofty $2000 level

Oil continues higher in the aftermath of the surprise OPEC+ output cut Oil prices are higher again on Tuesday, adding to their substantial gains on Monday following the shock production cut from OPEC+. The decision to reduce output despite no prior warning - quite the opposite in fact - and without a clear view of the demand outlook in light of recent events highlights just how driven by price and speculation the group is, despite its previous insistence otherwise. There may have been other fact

04-04-2023 08:20 GMT by Craig Erlam