- February 21st, 2023
Brent oil falls on fears of global economic slowdown
Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day’s gains. ›
Brent oil prices fell on Tuesday as fears that a global economic slowdown would reduce fuel demand prompted investors to take profits on the previous day’s gains. ›
European natural gas prices edged higher on the prospect of a late-winter cold snap, after last week crossing a key threshold in the region’s recovery from its energy crisis. ›
Oil prices rose on Monday amid optimism over China’s demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place. ›
LONDON — Oil fell about 2% on Friday and was heading for a weekly decline, pressured by concerns of more U.S. Federal Reserve interest rate hikes that could weigh on demand, and signs of ample supply. ›
European natural gas futures slumped below €50 for the first time in 17 months as the region’s worst energy crisis in decades recedes, but with signs that further price declines are unlikely. ›
Oil prices rose on Thursday as hopes of a robust fuel demand recovery in top oil consumer China offset losses arising from strength in the greenback and a large build in U.S. crude inventory. ›
Oil prices extends losses on Wednesday as a much bigger-than-expected surge in the U.S. crude inventories and anticipation of further interest rate hikes sparked concerns over the prospect of weaker fuel demand and economic recession. ›
Dutch and British wholesale gas prices were quite flat on Tuesday morning on ample supplies and low demand. ›
Oil prices fell on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve (SPR) as mandated by lawmakers, counter to expectations from some traders that the release could be cancelled or delayed. ›
European natural gas prices fell to the lowest level in almost four weeks as confidence grows for stable power generation through the remainder of winter. ›