- November 11th, 2022
Oil jumps by over 2% as China eases COVID curbs
Oil prices jumped more than 2% on Friday after health authorities in China, the top global crude importer, eased some of the country’s heavy COVID curbs. ›
Oil prices jumped more than 2% on Friday after health authorities in China, the top global crude importer, eased some of the country’s heavy COVID curbs. ›
Oil extended losses on Thursday for a fourth consecutive session, as renewed COVID curbs in China, the world’s biggest crude importer, weighed on the market and traders await U.S. inflation data for clues on further interest rate increases. ›
Oil prices edged lower as industry data showed U.S. crude stockpiles rose more than expected and on worries a rebound in COVID-19 cases in top importer China would hurt fuel demand. ›
Natural gas prices rose amid uncertainty over the European Union’s plans to quell an energy crisis that has threatened the bloc’s economies, with winter fast approaching. ›
Oil prices slipped on Tuesday as recession concerns and worsening COVID-19 outbreaks in China sparked fears of lower fuel demand, outweighing supply worries. ›
European natural gas declined as mild weather expected during the next two weeks keeps a lid on heating demand, easing the impact of a historic energy crisis that’s already pushed consumer bills to record levels. ›
Oil prices fell more than $1 a barrel on Monday after Chinese health officials on the weekend reiterated their commitment to a stringent COVID containment approach, dashing hopes of a rebound in oil demand from the world’s top crude importer. ›
European gas and power prices jumped after Electricite de France SA issued yet another warning about its troubled nuclear fleet, adding to pressure on the region’s tight energy supplies this winter. ›
Oil climbed on Friday as the dollar eased and supply risks lingered, though recession fears and China’s COVID outbreaks kept a check on prices. ›
British and Dutch wholesale gas prices rose on Thursday morning as consumption increased because of cold weather, with maintenance in Norwegian gas facilities also supporting prices. ›