Energy news

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Oil and gold lose ground

Oil slips amid poor China data One area where traders are paying attention to the Chinese data is clearly commodity markets, with crude off 2% on Monday. The figures from China really are a concern and the authorities have a big job on their hands arresting flagging domestic demand.

15-08-2022 05:40 GMT by Craig Erlam

Oil rebounds, gold consolidates

Brent eyes $100 after mixed headline week The oil market has bounced back this week, with Brent once more flirting with triple-figures. There's been a lot to digest this week, with Iran nuclear talks ongoing, US inventories rising, US output also rising, the Druzhba pipeline saga and the various forecasts. Even the forecasts themselves offered contrasting views, with OPEC downgrading demand growth and expecting the oil market to tip into surplus this quarter.

12-08-2022 05:18 GMT by Craig Erlam