Oil extended declines — falling more than 5% — hampered by the rapid spread of the omicron virus variant and turmoil for President Joe Biden’s economic plans. Futures in London Continue Reading
Robust gasoline demand and tight crude oil inventories have kept crude prices from falling further IEA: surge in Omicron cases may temporarily slow the recovery in crude demand U.S. gasoline Continue Reading
European daily power prices surged as a swing to colder-than-normal temperatures is set to boost demand on Monday, while France halts more nuclear reactors. A combination of colder weather, low Continue Reading
European daily power prices surged as a swing to colder-than-normal temperatures is set to boost demand on Monday, while France halts more nuclear reactors. A combination of colder weather, low Continue Reading
Oil posted a weekly decline after a volatile few days that saw traders grow more concerned about the demand impact from the omicron variant and tighter monetary policy. Futures in Continue Reading
Crude futures were under slight pressure early Friday in Asia as Omicron worries returned The Fed’s stance of tightening monetary policy next year started to lead to anxiety about economic Continue Reading
Crude oil futures were lower in mid-morning trade in Asia Dec. 17 as investors booked profits after an overnight surge, while analysts maintained that the near-term outlook for oil remains Continue Reading
Crude rose Thursday on a weaker dollar and demand optimism from Wednesday’s EIA report. Oil rose for a second day after the U.S. reported the biggest crude stockpile drop since Continue Reading
Oil rose for a second day after the U.S. reported the biggest crude stockpile drop since September while the dollar slipped. Futures in New York gained 2.1% on Thursday in Continue Reading
Oil at $100 a barrel cannot be ruled out in 2023 as supply additions are expected to be too slow to keep up with record demand, according to Goldman Sachs Continue Reading
