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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 hit with a one-two punch, gold lower on strong dollar
Oil Oil prices are weakening as crude demand outlook is hit by a one-two punch from China’s rising COVID cases and Wall Street jitters that inflation is hitting the US economy much harder than analysts were expecting. Oil will struggle to hold the USD 100 level if China’s Covid situation deteriorates much further.
11-07-2022 13:36 GMT by Edward Moya
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Week Ahead - Summer Remains Volatile
A strong nonfarm payroll report has paved the way for the Fed to deliver another 75 basis-point rate hike at the June 27th policy meeting. An overheating economy and hot inflation will keep the Fed focused on aggressively fighting inflation.  Recession fears eased after the June payrolls impressed and wage growth remained strong.
08-07-2022 15:57 GMT by Edward Moya
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