Oil fluctuated above $107 a barrel as investors monitored developments from the gathering of Group of Seven leaders, while fears of a demand-sapping recession continued to hang over the market. Continue Reading
European natural gas prices rose as Russia’s deep supply cuts are slowing the pace of refilling storage sites, threatening to fall short of the levels required to keep homes warm Continue Reading
Oil Heads for Second Weekly Loss in a Row Oil posted its first back-to-back weekly loss since early April as fears of a demand-sapping global recession and tighter US monetary Continue Reading
The world’s most-watched oil data report won’t be released this week due to a power problem. Oil prices, meanwhile, are climbing higher on Friday to cancel out losses from earlier Continue Reading
Since Monday, the national average for a gallon of regular gasoline has decreased by four cents to $4.94. The Energy Information Administration will not release gasoline demand/supply and domestic oil Continue Reading
Crude oil futures were mostly steady in mid-morning trade in Asia June 24 after shedding early morning gains as sentiment remained fragile following steep declines in the last two sessions. Continue Reading
US natural gas working stocks rose by a larger-than-expected 74 Bcf during the week ended June 17, reducing the deficit to a seasonal low of 13.2%, which helped spur a Continue Reading
European natural gas prices headed for a second straight weekly advance as Russia’s deep supply cuts unsettle markets and force governments into policy u-turn to bring back coal power stations. Continue Reading
Highlights Recession fears continue to plague sentiment “Very challenging” to achieve soft landing for economy: Powell Oil market remains tight Crude oil futures were sharply lower in mid-morning trade in Continue Reading
Oil prices continued to retreat on Thursday as investors reassessed the risks of recession and the impact of interest rate hikes in major economies on fuel demand. U.S. West Texas Continue Reading
