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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 and gold jump ahead of inflation report
Buoyed by economic optimism Investor optimism going into tomorrow's US inflation report appears to be feeding through to the oil market, with Brent and WTI both up more than 2% on the day. It will be interesting to see if they can hold onto those gains considering how they've failed to do so over the last four days.
11-01-2023 11:21 GMT by Craig Erlam
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Oil higher on demand optimism, gold hovers near highs
Oil Crude prices are higher as economic optimism grows for not just China, but also the eurozone. The oil market is digesting a global slowdown that might not be as bad as feared. ​ Energy traders still believe that OPEC+ will do whatever is needed to keep prices supported and that includes more production cuts this quarter. ​ Oil seems like it wants to waver right now until we get a better handle on China’s Covid surge. ​ As China battles an unprecedented surge in Covid cases, everyone wants to
10-01-2023 11:46 GMT by Edward Moya
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