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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 volatile, gold choppy ahead of Fed
Oil volatility likely to continue Another volatile start to the week in oil markets, where Brent and WTI now find themselves around 3% higher on the day. This comes after WTI fell close to $70 a barrel, the level at which the White House previously indicated it will begin refilling the SPR which could provide some initial support for the price. The outage on the Keystone pipeline between Canada and the US could be offering further support for the price, as could renewed Russian threats to cut su
12-12-2022 13:00 GMT by Craig Erlam
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Week Ahead - Blockbuster end to the year
US Two blockbuster events will have Wall Street on edge as the disinflation trade may have gotten ahead of itself. The last major piece of economic news before the Fed meets will be the November inflation report which is expected to show pricing pressures are decelerating.  The headline reading from a month ago is expected to rise 0.3%, a tick lower from the pace in October.  On a year-over-year basis, inflation is expected to decline from 7.7% to 7.3%.
09-12-2022 15:53 GMT by Craig Erlam
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