- June 16th, 2023
Oil set to snap two-week losing streak on China demand optimism
Oil prices were set to snap a two-week losing streak on Friday amid optimism about higher energy demand from top crude importer China and a weaker dollar. ›
Oil prices were set to snap a two-week losing streak on Friday amid optimism about higher energy demand from top crude importer China and a weaker dollar. ›
European natural gas prices fluctuated as traders weighed prolonged outages across the continent against a mixed outlook for demand. ›
Oil rebounded on Thursday after the previous day’s plunge, as data showed a jump in refinery runs at the world’s top crude importer China, though a weak economic backdrop capped gains. ›
European natural gas erased some of Tuesday’s gains with Goldman Sachs Group Inc. saying weakened demand will neutralize the extension of supply outages in Norway. ›
Oil prices inched up on Wednesday as investors awaited the outcome of the U.S. Federal Reserve’s June meeting, key economic data from China and government data on U.S. crude stockpiles. ›
Wholesale British and Dutch gas prices rebounded on Tuesday afternoon, after earlier losses, after an outage at Norway’s Nyhamna gas processing plant was extended. ›
European natural gas futures eased for a second consecutive day on Tuesday, easing some strains on the market after days of volatile trading. ›
Oil prices traded up on Tuesday on bargain hunting, recovering some ground from the previous day’s plunge, but gains were limited as investors remained cautious ahead of key policy decisions by the U.S. Federal Reserve and other central banks. ›
Wholesale British and Dutch gas prices were mixed on Monday morning on Norwegian outage, lower wind and lower flows of liquefied natural gas (LNG), although rising temperatures across Europe are expected to keep demand low. ›
Oil prices declined on Monday ahead of a U.S. Federal Reserve meeting as investors tried to gauge the central bank’s appetite for further rate hikes, while concerns about China’s fuel demand growth and rising Russian crude supply weighed on the market. ›