Energy news

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Commodities and Cryptos Shine as risk aversion hits Wall Street: Oil surges, Gold and Bitcoin rally

Oil Energy traders shrugged off the EIA announcement that 60-million barrels of crude will be released. Crude prices can’t stop going higher as a very tight oil market will likely see further risk to supplies as the War in Ukraine unfolds. Expectations for a revival of the Iran nuclear deal have come down a bit as talks still have a few key issues. Brent crude could surge to the $120 level if the oil market starts to think it is likely that sanctions will be placed on Russian energy. Normal

01-03-2022 15:05 GMT by Edward Moya

Oil and gold climb on Ukraine conflict

Oil soars as sanctions bite and the conflict intensifies Oil prices are surging once more as the conflict in Ukraine intensifies, the West continues to impose severe sanctions and companies turn their backs on what is becoming an increasingly isolated Russia. We're starting to see what impact these sanctions could have on Russian oil exports and the challenges they pose and that's driving the price higher. The oil rally has seriously accelerated today, breezing past USD 100 and gathering momen

01-03-2022 13:27 GMT by Craig Erlam