Energy Industry News

Oil drops after two-day surge as China clouds demand outlook - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 50%

Energy Energy Headlines News

Energy Energy Latest News,Energy Energy Headlines

Oil fell after a two-day surge as Chinese trade data highlighted concerns about the nation's economic recovery and energy demand.

Oil fell after a two-day surge as Chinese trade data highlighted concerns about the nation's economic recovery and energy demand.

Oil has retreated about 10 per cent this year as worries over the Federal Reserve's monetary-tightening campaign and the potential for a recession in the U.S. outweigh a resilient physical market. Traders who were holding out hope for China driving demand after its emergence from strict Covid policies will have to assess the implications of the latest data for prices.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in ENERGY

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Enbridge CEO sees oil prices in sweet spot for drillers, drivers - BNN BloombergEnbridge Inc. Chief Executive Officer Greg Ebel said that despite recent volatility in energy markets, oil and natural gas prices are at a level beneficial for both users and producers.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

The Daily Chase: Alberta wildfires hit oil production; Suncor beats analyst expectations - BNN Bloomberg​The impact of the wildfires raging across northwestern Alberta continue to reverberate through the Canadian energy industry.
Source: BNNBloomberg - 🏆 83. / 50 Read more »