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 dips, gold rebounds

Oil Crude prices are declining as Beijing tightens up their Covid controls and as tanker-tracker data showed Russian crude flows increased. Energy traders are not convinced that the EU will be able to move forward with an embargo on Russian oil. Oil seems to have major support around the USD 100 level as OPEC+ seems poised to rubber-stamp next month’s output increase target that they probably won’t hit.

03-05-2022 14:20 GMT by Edward Moya

US Close - Stocks turn positive after bond market selloff overdone, Oil finds major support at $100 level, Gold pummeled, Bitcoin hovers

Wall Street still seems hesitant to ‘buy the dip’ after another round of soft economic data and on fears the market might not be pricing in enough Fed hawkishness. The bond market delivered another major move with the 10-year Treasury peaking just above the 3.00% level. The S&P 500 wasn’t ready to break the critical 4,000 level just yet, which could suggest stocks are ready for the typical consolidation that happens before a key Fed decision. Fed On Wednesday, the Fed will debate a 75-basis p

02-05-2022 16:45 GMT by Edward Moya