Oil prices were little changed on Thursday after a two-day decline, including a sharp drop on Wednesday, as a U.S. government credit downgrade weighed on sentiment, though concerns around supply tightness provided some support. ›
Oil prices surged by almost 1% on Wednesday, trading near their highest since April, as crude and fuel product inventory data showing robust demand from the world’s biggest fuel consumer, the U.S., offsetting demand concerns elsewhere. ›
European natural gas prices rose for a second session as supply risks and uncertainty about the upcoming winter outweighed rising storage levels. ›
Oil prices slipped on Tuesday but were still near a three-month high reached in the previous session on signs of tightening global supply, as producers implement output cuts, and strong demand in the United States, the world’s biggest fuel consumer. ›
European natural gas is set for one of its biggest monthly drops this year as depressed industrial activity and strong inventories offset concerns about a spike in summer cooling demand. ›
Oil prices edged lower on Monday, but were hovering near three-month highs and were set to post their biggest monthly gains in more than a year on expectations that Saudi Arabia would extend voluntary output cuts into September and tighten global supply. ›
European natural gas prices are headed for a third consecutive day of declines, with Citigroup Inc. analysts seeing sluggish demand and high inventories keeping a lid on prices. ›
Oil headed for the longest run of weekly gains in more than a year on an improving macroeconomic outlook and signs of a tighter market. ›
European natural gas prices steadied following the biggest drop in more than a month, as Shell Plc sees a brighter outlook for winter supplies due to high inventories. ›
LONDON, July 27 (Reuters) – Oil climbed almost 1% on Thursday, recouping losses from the previous session, supported by supply tightness owing to OPEC+ production cuts and renewed optimism on the outlook for Chinese demand and global growth. ›
