European natural gas prices have snapped back into a range they were trading in for weeks as traders wait for further clues on how the heating season will unfold, with steady fuel supplies offsetting cold weather risks for now. ›
Oil prices declined on Friday after settling 1.6% lower in the previous session as the market’s risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza. ›
Russian strikes in recent days have wiped out more than half of Ukraine’s domestic natural gas production, likely forcing the war-battered country to spend 1.9 billion euros ($2.2 billion) on fuel imports to survive the looming winter. ›
The broad mood in the oil market remains bearish, although there are discrepancies as to how gloomy crude’s prospects are, according to Citigroup Inc., summarizing views from clients in North America and Europe. ›
Oil prices gained by about 1% on Wednesday as investors brushed off oversupply fears, having digested a decision earlier by OPEC+ to restrain production increases next month. ›
Oil prices were steady on Tuesday as investors assessed a smaller-than-expected November output hike by OPEC+ against the backdrop of oversupply expectations. ›
Oil prices rose more than 1% on Monday after OPEC+’s planned production increase for November was more modest than expected, tempering some concerns about supply additions, though a soft outlook for demand is likely to cap near-term gains. ›
Oil prices rose 1% on Friday after four straight sessions of declines after a fire broke out at one of the largest refineries on the U.S. West Coast, but were still on track for their steepest weekly fall since late June. ›
Oil prices rose on Thursday following losses in the previous three sessions as the potential for tighter sanctions on Russian crude lent some support, though concerns about oversupply in the market capped gains. ›
Oil prices steadied on Wednesday after falling for two days as investors weighed OPEC+ plans for a larger output hike next month while data from the U.S. and Asia showed signs of demand waning. ›
