Oil prices fell on Monday amid renewed global economic growth concerns after U.S. President Donald Trump vowed to escalate the trade war with China with more tariffs, which would likely limit fuel demand in the world’s two biggest crude consumers. ›
Germany’s prompt electricity price for early next week delivery posted gains in wholesale trade on Friday on the back of a forecast for lower wind and solar power generation.
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Oil prices rose around 2% on Friday, regaining ground after their biggest falls in years on U.S. President Donald Trump’s vow to impose more tariffs on Chinese imports.
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British wholesale gas prices fell on Friday, partly a correction of the previous day’s gains, while an increase in Norwegian pipeline flows contributed to oversupply in the system, traders said.
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Oil prices skidded on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and Sino-U.S. talks ended without apparent progress toward resolving a bitter trade dispute.
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