Oil prices edged down on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. ›
European and British wholesale gas prices were mixed on Wednesday and little changed from the previous day, but bullish sentiment remains in the market on concerns over supply and rising demand for heating as cold weather hits Europe. ›
Oil prices edged higher on Wednesday, extending gains from the previous day, as investors remained sceptical about the effectiveness of a U.S.-led release of oil from strategic reserves and turned their focus to the next step by oil producers. ›
European and British wholesale gas prices declined on Monday morning for the third session in a row as market players monitored the impact of COVID-related lockdowns on demand, although they said fundamentals still signalled a bullish outlook. ›
Oil prices came off seven-week lows on Monday but remained under pressure after Japan said it was weighing releasing oil reserves and as the COVID-19 situation in Europe worsened, raising concerns about both oversupply and weak demand. ›
European and British wholesale gas prices shed gains on Friday for the second day in a row in correction to the spike it saw earlier this week on Russian supply concerns. ›
Oil prices rose on Friday, after wild swings the day before, as investor bet that potential coordinated releases by major economies of their official crude reserves may have less of an impact on markets than expected. ›
European and British wholesale gas prices fell on Thursday morning, which market participants say is more of a correction in a volatile market than a fundamentally driven move. ›
Oil prices slid to six-week lows on Thursday as China said it was moving to release strategic reserves after a Reuters report that the United States was asking large consuming nations to consider a coordinated stockpile release to lower prices. ›
Oil fell on Wednesday after an industry report showed U.S. gasoline stocks dropped more than expected last week, potentially heightening pressure on the Biden administration to release oil from emergency reserves to cap soaring fuel prices. ›
