Energy news

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Sell-off on hold amid more talks
The sell-off is on hold on Wednesday as investors regroup following another big move lower a day earlier. European stocks are paring gains and the US has kicked things off in a similar fashion with energy naturally leading the way. I'm not sure broader market sentiment has improved in any way since yesterday given the intensification of the invasion of Ukraine and soaring oil prices but equity markets are seeing some reprieve. There is mild hope that talks between the Ukrainian and Russian del
Mar 02, 2022 by Craig Erlam
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Oil higher, gold volatile
Oil jumps on disruption fears Crude prices have slingshot higher as Russia’s turmoil will worsen and likely lead to severe supply disruptions for oil markets.  The oil market is very vulnerable to a major shortage of supplies now that OPEC+ has ratified a humble supply hike.  With oil prices likely to remain elevated for the foreseeable future, the only thing that will send prices down is if demand destruction becomes noticeable.  For every USD 10 increase in oil, that will take off 20 basis po
Mar 02, 2022 by Edward Moya
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