- November 4th, 2022
Oil climbs as dollar slips and supply risks linger
Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices. ›
Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices. ›
British and Dutch wholesale gas prices rose on Thursday morning as consumption increased because of cold weather, with maintenance in Norwegian gas facilities also supporting prices. ›
Oil slipped on Thursday as a U.S. interest rate hike pushed up the dollar and increased fears of a global recession that would crimp fuel demand, although losses were capped by concerns over tight supply. ›
European natural gas edged higher as traders weighed potential supply curbs this winter against unseasonably warm weather and muted demand. ›
Oil prices rose on Wednesday after industry data showed a surprise drop in U.S. crude stocks, suggesting demand is holding up despite steep interest rate hikes dampening global growth. ›
Natural gas prices in Europe fell further as a spell of warm weather delayed the heating season, providing some respite to regional economies on the brink of recession. ›
Oil prices rose more than 1% on Tuesday, paring losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world’s second-largest oil consumer. ›
European natural gas fell after two days of gains as unseasonably warm weather reduces demand and eases concerns about shortages for the winter. ›
Oil prices fell over $1 on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand. ›
Europe has been able to plug the gap left by smaller Russian gas flows with US supplies, but those shipments won’t be able to keep up as the shortfall expands ›