Oil prices extended losses on Friday on worries about a potential oversupply after U.S. Energy Secretary Jennifer Granholm said refilling the country’s Strategic Petroleum Reserve (SPR) may take several years. ›
Oil prices fell on Thursday following three sessions of gains, after Federal Reserve Chair Jerome Powell highlighted banking sector credit risks for the world’s largest economy, while U.S. crude stocks rose more than expected. ›
Oil slipped in Asian trade on Wednesday, after two straight days of gains, as an industry report showed U.S. crude inventories rose unexpectedly last week in a sign demand may be weakening. ›
Oil drifted lower on Tuesday as more than a week of banking turmoil kept weighing on market confidence. ›
Europe’s benchmark gas contract hit its lowest for 19 months as expectations of strong output from wind farms and milder temperatures curbed demand. ›
Oil prices fell on Monday to their lowest in 15 months on concerns risks in the global banking sector may cause a recession that would lead fuel demand to decline and ahead of a potential hike in U.S. interest rates this week. ›
British and Dutch wholesale gas prices fell on Thursday morning as forecasts for warmer temperatures dented demand but uncertainties about France’s nuclear output and strikes at its liquefied natural gas (LNG) terminals provided some support. ›
Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse (CSGN.S) was thrown a financial lifeline by Swiss regulators. ›
Oil rose almost 1% on Wednesday, after hitting a three-month low in the previous session, as Chinese economic data bolstered hopes for a demand recovery and concern in the wider markets eased of a fresh financial crisis. ›
Dutch and British wholesale gas prices fell for a second day on Tuesday morning, as mild, windy forecasts eased demand from the power sector, but strikes at French LNG terminals and problems at French nuclear plants still provide support. ›
