- June 24th, 2022
Oil rises in volatile trading amid supply uncertainty
Oil prices edged higher amid a volatile trading session on Friday, as supply uncertainty outweighed fears of slower demand from cooling U.S. economic activity. ›
Oil prices edged higher amid a volatile trading session on Friday, as supply uncertainty outweighed fears of slower demand from cooling U.S. economic activity. ›
Dutch wholesale gas prices were mostly higher on Thursday morning after Germany entered Phase 2 of its three-stage emergency gas plan due to reduced supply from Russia. ›
European natural gas prices rose as Germany plans to trigger the second stage of the country’s gas-emergency plan amid a reduction in Russian supplies. ›
Oil prices continued to retreat on Thursday as investors reassessed the risks of recession and the impact of interest rate hikes in major economies on fuel demand. ›
European natural gas prices swung between gains and losses as traders weighed signs that high fuel costs are curbing industrial demand against Russian supply cuts. ›
Oil prices skidded more than $6 a barrel on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on the country’s major energy firms to help ease the pain for drivers during peak summer consumption. ›
Dutch wholesale gas prices rose on Tuesday morning as Europe grappled with low flows of gas from Russia and British near-term prices were lifted by lower supply from Norway. ›
Oil prices rose on Tuesday on high summer fuel demand while supplies remain tight because of sanctions on Russian oil after its invasion of Ukraine. ›
European natural gas prices headed for the biggest weekly gain since Russia began its war on Ukraine as Moscow’s supply cuts deepen the region’s energy crisis. ›
Oil prices edged lower on Friday as demand concerns emerged following this week’s rate hikes, although persisting supply tightness and new sanctions on Iran limited the downside. ›