- January 5th, 2023
Oil rebounds on weaker dollar; economy concerns cap upside
Oil prices rebounded on Thursday amid dollar weakness and as investors emerged to buy dips after two sessions of steep losses, though economic concerns capped recovery. ›
Oil prices rebounded on Thursday amid dollar weakness and as investors emerged to buy dips after two sessions of steep losses, though economic concerns capped recovery. ›
Natural gas prices in Europe extended declines as warm weather curbs demand and eases pressure on politicians and central bankers. ›
Oil edged lower on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state of the global economy and China’s rising COVID cases. ›
European natural gas prices declined as persistent warmer-than-normal winter weather reduces demand and eases stress of the region’s energy systems. ›
Oil prices held in a narrow range on Tuesday, though the outlook for demand was clouded by a weak manufacturing activity survey from China, and a warning from the head of the International Monetary Fund that the global economy faced a tough year ahead. ›
European natural gas prices fell for a fifth day as temperatures are forecast to be stay mild into the new year while supplies remain plentiful. ›
Oil prices climbed for a fourth straight day on Thursday with U.S. crude, heating oil and jet fuel stocks growing tighter just as a wintry blast hits the United States and travel is set to soar for its holiday season. ›
British and Dutch wholesale gas prices fell on Wednesday morning due to milder and windier weather forecasts which should reduce demand for gas and healthy supply from liquefied natural gas (LNG). ›
Oil prices were little changed on Wednesday as a larger-than-expected draw in U.S. crude stocks offset worries about rising COVID-19 cases in top oil importer China. ›
Oil prices inched higher on Tuesday, supported by a softer dollar and a U.S. plan to restock petroleum reserves, but gains were capped by uncertainty over the impact of rising COVID-19 cases in top oil importer China. ›