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's busy day, No need for safe-havens keep gold grounded

Oil Oil prices went on a rollercoaster ride after inflation eased slightly, the resumption of oil flows through the Druzhba pipeline, and as US production rose to the highest levels since April 2020, while oil inventories posted a large build. The EIA crude oil inventory had a lot to take in.

10-08-2022 11:16 GMT by Edward Moya

Oil falls under $90, gold rises ahead of US CPI

Oil slips amid positive nuclear talks and a surprise inventory build Oil prices are slipping again on Wednesday with WTI dropping back below $90 a barrel amid positive noises coming from the Iran nuclear talks. I don't think we're at the optimistic stage yet as we've seen talks break down before when a deal appears close but it's looking more promising than it has for many months.

10-08-2022 04:58 GMT by Craig Erlam