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 pullback ends, gold steadies

Oil Energy traders are bullish on oil prices again as China’s COVID situation shows signs of improving and after the dollar eased following a hot inflation report that did little to change short-term Fed rate hiking expectations. The oil market can’t justify oil prices below USD 100 given the potential shock that will occur once the EU is able to move forward with their ban on Russian crude.

11-05-2022 12:02 GMT by Edward Moya

Oil rallies, gold remains vulnerable

Oil higher while gas volatile amid Ukraine force majeure Oil prices are rallying on Wednesday after briefly dipping below USD 100. WTI fell back to around USD 98.20 before recovering to trade more than 3% higher on the day.

11-05-2022 09:10 GMT by Craig Erlam