- December 1st, 2022
Oil settles up $2 on tighter supply; OPEC+ talks limit gains
Oil prices settled up by over $2 per barrel on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. ›
Oil prices settled up by over $2 per barrel on Wednesday on signs of tighter supply, a weaker dollar and optimism over a Chinese demand recovery. ›
Oil prices firmed in Asian trade on Wednesday on falling U.S. crude inventory figures from API, a lower greenback and some optimism on the outlook for China’s demand and economy. ›
European natural gas prices rose as much as 5.6% with frigid weather expected to start eroding gas inventories and outages at a few key facilities on Tuesday. ›
Oil jumped on Tuesday, buoyed by hopes that China would relax its COVID-19 controls after rare protests against the country’s zero-COVID strategy over the weekend in big Chinese cities. ›
Natural gas prices in Europe fluctuated on Monday as Russia’s decision not to cut flows via Ukraine countered concerns that cold weather could boost demand. ›
Oil prices slumped on Monday as street protests against strict COVID-19 curbs in China, the world’s biggest crude importer stoked concern about the outlook for fuel demand. ›
Natural gas prices in Europe headed for a weekly gain as low winter temperatures risk pushing households to turn on heaters. ›
Oil prices rose in Asia on Friday, despite thin market liquidity, after a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. ›
European natural gas prices fluctuated as lower temperatures bring the prospects of a tighter market even as politicians gather to hammer out measures to ease the energy crisis. ›
Oil declined on Thursday, hovering around two-month lows, as the Group of Seven(G7) nations’ proposed range for a price cap on Russian oil was higher than current trading levels, alleviating concerns over tight supply. ›