- July 24th, 2023
Oil Drops as Likely Fed Hike Weighed Against Tightening Market
Oil fell after four weekly gains as traders weighed prospects for another hike from the Federal Reserve against signs of a tighter market. ›
Oil fell after four weekly gains as traders weighed prospects for another hike from the Federal Reserve against signs of a tighter market. ›
Dutch and British wholesale gas prices rose on Friday morning on expected lower wind and solar output, but the rise isn’t expected to last as demand remains soft due to strong inventories. ›
Brent oil prices rose in Asian trading on Friday, as markets assessed the prospect of economic stimulus in China after weak economic data, falling inventories in the U.S. and supply cuts from key producers. ›
European natural gas declined as recovering fuel flows from Norway eased supply concerns, with investors becoming more bearish again. ›
Oil prices were little changed on Thursday as a lower-than-expected drop in U.S. crude inventories and a potentially weaker demand outlook kept investors cautious. ›
European natural gas prices fell as traders weighed rising storage levels and increased flows from top producer Norway against the impact of extreme heat in southern parts of the continent. ›
Global oil prices were little changed on Wednesday as markets weighed U.S. demand concerns against China’s pledge to support economic growth. ›
Dutch and British wholesale gas prices rebounded slightly on Tuesday morning as the impact of the restart of the Norwegian Nyhamna gas processing plant faded, and as more maintenance outages are expected in August. ›
Oil prices were little changed on Tuesday as investors weighed a possible tightening of U.S. crude supplies against weaker-than-expected Chinese economic growth. ›
European natural gas prices slumped as supplies from Norway soared due to the completion of major maintenance. ›