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 edges lower, gold steady

Oil is steady in Asia as Saudi Arabia hikes prices Oil prices ignored Fed tightening nerves after the US data, rallying strongly with the relaxing of China Covid curbs, with its ensuing return of oil demand, the story driving oil markets. Brent crude rose 2.70% to USD 121.25 a barrel, with WTI rising 2.35% to USD 120.35 a barrel.

06-06-2022 05:47 GMT by Jeffrey Halley

Beijing reopening dulls non-farm retreat

US nonfarm payrolls beats expectations Wall Street had another schizophrenic day on Friday as May US Non-Farm Payrolls outperformed, rising by 390,000 jobs, slightly less than April’s number, but well above market forecasts of 325,000. That sparked yet another tail-chasing reversal across asset classes as US markets continue to desperately search for “peak-hiking” from the Fed and return to their buy-everything happy space, an illness caused by endless rounds of quantitative easing and ultra-lo

06-06-2022 04:40 GMT by Jeffrey Halley