Energy news

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Oil edges lower, gold trades sideways

Oil is slightly softer in Asia Oil prices fell in Asia yesterday after the Biden SPR release story started circulating. That was confirmed overnight, with 1 million bpds for the next 180 days to be released.

01-04-2022 03:04 GMT by Jeffrey Halley

Oil pares losses post OPEC+, gold rallies on Putin gas threat

Crude prices pared losses after OPEC+ decided “to stay the course” and maintained the gradual output increase strategy. Oil was down earlier after reports that the Biden administration was considering a record reserve release of up to 180 million barrels from the country’s strategic petroleum reserve (SPR).

31-03-2022 12:38 GMT by Edward Moya