- July 25th, 2022
Oil steady as market juggles Fed hike with supply fears
Oil prices were relatively steady on Monday as the market balanced supply fears with expectations that rise in U.S. interest rates would weaken fuel demand. ›
Oil prices were relatively steady on Monday as the market balanced supply fears with expectations that rise in U.S. interest rates would weaken fuel demand. ›
Oil swung between gains and losses after European economic data missed estimates, fanning concerns of an economic slowdown. Global benchmark Brent fell as much as 0.6%, to trade near $103 a barrel, almost $2 below its high for the day. ›
European natural gas prices rose as Russian supply through a major pipeline remained at the center of traders’ attention despite stable shipments for a second day. ›
British gas prices rose early on Thursday as hot weather drove demand, while Dutch prices dropped after physical flows through Russia’s biggest gas pipeline to Germany resumed after a 10-day outage. ›
Oil prices fell for a second session on Thursday after higher U.S. gasoline stockpiles stoked demand worries and returning energy supply from Libya and Russia eased supply concerns. ›
Oil prices slumped more than $1 a barrel on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens. ›
European wind generation is forecast to increase Tuesday, providing some relief to soaring power prices amid a scorching heat wave sweeping across Europe. ›
European natural gas prices rose, following three days of declines, with the market focused on the risk of supplies from Russia and a major heat wave bearing down on parts of the region. ›
Oil rose slightly on Tuesday, paring earlier losses and after soaring by more than $5 barrel in the previous session, amid concerns about tight supply. ›
European natural gas prices jumped with a heat wave scorching the western half of the region, boosting demand for cooling and pushing energy costs higher. ›