- February 24th, 2023
Oil up on possible Russia cuts; inventories remain high
Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. ›
Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States. ›
Oil prices edged up on Thursday, after Brent crude posted its biggest single-day loss in seven weeks the day before, as market players reassessed prospects for supply and demand. ›
Oil prices fell for a third trading session on Wednesday on expectations the U.S. Federal Reserve will indicate later in the day that interest rates are set to rise more, stoking concerns of lower global economic growth and demand for fuel. ›
The Dutch benchmark wholesale gas contract slipped to a new a 17-month low on Tuesday morning, as healthy supply offset colder weather forecasts. ›
Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day’s gains. ›
European natural gas prices edged higher on the prospect of a late-winter cold snap, after last week crossing a key threshold in the region’s recovery from its energy crisis. ›
Oil prices rose on Monday amid optimism over China’s demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place. ›
LONDON — Oil fell about 2% on Friday and was heading for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh on demand, and signs of ample supply. ›
European natural gas futures slumped below €50 for the first time in 17 months as the region’s worst energy crisis in decades recedes, but with signs that further price declines are unlikely. ›
Oil prices rose on Thursday as hopes of a robust fuel demand recovery in top oil consumer China offset losses arising from strength in the greenback and a large build in U.S. crude inventory. ›