Energy news

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Oil steady, gold edges higher

Oil steadies amid bullish OPEC forecasts Oil prices are higher once more on Tuesday, with Brent and WTI up close to 1.5%. Little has changed over the last week on the oil front, with the price appearing to stabilize after a pretty turbulent period. OPEC released its 2022 oil market report on Monday and sees demand continuing to grow in the coming years.

01-11-2022 05:45 GMT by Craig Erlam

Oil lower on demand fears, gold hurt by strong dollar

Oil Crude prices pared losses after energy traders were reminded that while the market might flip to a surplus next quarter, OPEC will keep prices supported. The release of the OPEC 2022 world oil outlook still supports both medium and long-term cases for higher prices.

31-10-2022 13:16 GMT by Edward Moya