- July 27th, 2022
Oil Climbs as US Crude Stockpiles Shrink Ahead of Fed Decision
Oil rose as industry data signaled a big drop in US crude inventories ahead of an expected interest-rate hike by the Federal Reserve. ›
Oil rose as industry data signaled a big drop in US crude inventories ahead of an expected interest-rate hike by the Federal Reserve. ›
Oil prices rose on Tuesday for a second day on increasing concerns about tightening European supply after Russia, a key oil and natural gas supplier to the region, cut gas supply through a major pipeline. ›
European natural gas prices rose for a fourth consecutive session, with little clarity on future volumes via a major Russian pipeline. ›
Oil prices were relatively steady on Monday as the market balanced supply fears with expectations that rise in U.S. interest rates would weaken fuel demand. ›
Oil swung between gains and losses after European economic data missed estimates, fanning concerns of an economic slowdown. Global benchmark Brent fell as much as 0.6%, to trade near $103 a barrel, almost $2 below its high for the day. ›
European natural gas prices rose as Russian supply through a major pipeline remained at the center of traders’ attention despite stable shipments for a second day. ›
British gas prices rose early on Thursday as hot weather drove demand, while Dutch prices dropped after physical flows through Russia’s biggest gas pipeline to Germany resumed after a 10-day outage. ›
Oil prices fell for a second session on Thursday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns. ›
Oil prices slumped more than $1 a barrel on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens. ›
European wind generation is forecast to increase Tuesday, providing some relief to soaring power prices amid a scorching heat wave sweeping across Europe. ›