Global oil prices have declined in July, but Goldman Sachs commodity guru Jeffrey Currie touts a strong upside risk for oil on the back of wide, “unprecedented” spread between physical Read more
Tag: BRNU22
Oil prices higher with U.S. crude supplies down a second week
Oil futures gained a little ground Wednesday as Russia moved to curb natural-gas flows to Europe and industry data showed a big drop in U.S. crude and product inventories. Traders Read more
Europe risks protracted gas crisis after Russia makes deeper cuts to natural gas flows, say economists
European natural-gas prices soared in the past two sessions after Russia’s state energy giant Gazprom on Monday said it would dramatically cut natural-gas deliveries through its main pipeline to Europe, Read more
Oil climbs as natural gas eyes highest finish in 7 weeks
Oil futures moved higher Tuesday, while natural gas extended its gains into a third straight session, with prices eyeing their highest finish in seven weeks after Russia said it will Read more
Oil prices move higher to kick off week ahead of Fed meeting
Oil futures moved higher Monday to start the week, with the U.S. benchmark remaining well below the $100-a-barrel threshold. Price action West Texas Intermediate crude for September delivery CL.1, +1.53% Read more
U.S. oil prices settle lower, holding below $100 on signs of a demand slowdown
Oil futures settled lower on Friday, pressured by signs of faltering gasoline demand in the middle of summer driving season, with U.S. prices holding below $100 a barrel but the Read more
U.S. oil prices fall more than 3% as weaker gasoline demand allows fuel inventories to rise
Oil futures fell sharply on Thursday, extending a decline seen after a counter-seasonal rise in U.S. gasoline inventories reflecting falling demand. Also on Thursday, prices for natural-gas futures gave up Read more
Oil futures pull back ahead of U.S. supply data
Oil futures pulled back Wednesday as investors awaited an official read on U.S. petroleum inventories after industry data showed a rise in crude and gasoline stocks. Meanwhile, Russian President Vladimir Read more
Energy and materials stocks face rough ride as commodity prices come off the boil, says economist
The energy and materials sectors might struggle the next few years as inflation and aggressive interest-rate hikes lead to a sharp global slowdown, warned an economist at Capital Economics. The Read more
Oil pulls back after Monday bounce, but U.S. prices hold above $100
Oil futures pulled back in Tuesday dealings, after posting a gain of more than 5% in the previous session, as fears of a slowdown in economic growth outweighed ongoing worries Read more