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.

Crude prices tumble, gold vulnerable to more pain

Oil slides on China jitters Oil prices are dropping fast as crude demand destruction fears grow given China’s COVID situation and the de-risking event happening with US stocks. An imminent embargo on Russian energy seems unlikely as the EU continues to work on gaining Hungary’s approval.

09-05-2022 13:33 GMT by Edward Moya

Oil, gold looking for direction

Oil prices trade sideways Oil prices booked modest gains on Friday night after an on-target US Non-Farm Payroll release suggested that the US economy continues to perform well. Brent crude rose 1.86% to USD 113.05, and WTI rose by 1.80% to USD 110.50 a barrel.

09-05-2022 04:09 GMT by Jeffrey Halley