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.

US close - A very bad half, US data supports aggressive Fed tightening for now, bitcoin falls below USD 20k
A global central bank effort to fight inflation is driving rising recession fears that has given Wall Street the worst half of the year since 1970. Added volatility from the final trading day of the quarter is especially crazy because so many investors are rebalancing their portfolios with recession stocks. US stocks pared losses as too many investors feel we are getting close to the bottom and that now isn't that bad of time to start to scale into a longer-term position.
by Edward Moya
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Oil dips lower, gold higher on inflation
Oil lower as OPEC+ sticks to August target Oil prices are modestly lower on Thursday, further paring recent gains following yesterday's reversal. As expected, OPEC+ stuck to its planned 648,000 barrel increase in August and refrained from any decision beyond then which could add an element of uncertainty to future targets, particularly given recent reports that even Saudi Arabia and UAE are running near capacity. The global economic uncertainty doesn't make planning ahead any easier, either.
by Craig Erlam
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