Oil prices eased on Friday as markets evaluated the impact of U.S. interest rates staying higher for longer than anticipated, but crude benchmarks headed for their best week in more than two months after solid projections for crude and fuel demand. ›
Oil prices fell in early trade on Thursday, as investors digested that the U.S. Federal Reserve had likely pushed back an interest rate cut possibly to December, while ample U.S. crude and fuel stocks also weighed on the market. ›
European natural gas prices jumped after Germany’s Uniper SE was awarded over €13 billion ($14 billion) in damages for unsupplied volumes from Gazprom PJSC, adding uncertainty over remaining fuel flows from Russia. ›
Oil prices ticked higher on Wednesday amid upbeat global demand views from the U.S. Energy Information Administration and OPEC, reinforced by industry data showing U.S. crude oil inventories fell more than expected last week. ›
Dutch and British gas prices edged higher on Tuesday as forecasts for cooler temperatures and lower output from wind farms increased demand for gas for power generation. ›
Oil prices traded lower on Tuesday, as investors waited for key U.S. and China CPI data as well as the outcome of the Federal Reserve’s policy meeting to glean a clearer picture of where inflation is heading and how that will affect fuel demand. ›
British and Dutch wholesale gas prices declined on Monday morning as Norwegian exports to Britain ramped up after repairs to an offshore platform were completed on Friday. ›
Oil prices edged up on Monday, aided by hopes of rising fuel demand this summer, although a firmer dollar boosted by lower chances of imminent interest rate cuts capped gains. ›
Oil prices ticked higher on Friday, as reassurance from OPEC+ members Saudi Arabia and Russia indicated readiness to pause or reverse output agreements, but markets were headed for their third straight weekly loss. ›
Oil prices rose for a second consecutive session on Thursday amid growing expectations the Federal Reserve will cut interest rates in September, but the upside was capped by higher U.S. inventories and an OPEC+ plan to increase supply. ›
