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Energy news

Energy commodities are essential fuels that power modern society. Explore key energy sources like crude oil, natural gas, coal, and emerging renewable energies. Learn about their global impact on the economy and environment.

Oil rallies, gold gains ground
OPEC+ can’t dent oil Oil prices rallied overnight, despite OPEC+ announcing its pre-planned 400,000 bpd increase in monthly production. The omicron is omi-gone trade continued to hold sway, with its brighter outlook for world growth and oil consumption lifting oil prices, aided by larger than expected drawdown from private US API Crude Inventories.   Brent crude rose by 1.60% to USD 80.15 overnight, with WTI climbing by 1.60% as well to USD 77.20 a barrel.
Jan 5, 2022 by Jeffrey Halley
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Commodities and Cryptos: Oil rallies after OPEC+ agrees on more production, Gold rebounds, Bitcoin steady
Oil Crude prices are rising again as OPEC+ grows more confident that the global crude demand outlook will only take a limited hit from the omicron variant.  The plan to gradually return production can move forward as OPEC+ anticipates a tighter market in the first quarter.  When you factor in that many countries are struggling to hit their quotas, even Russia, the oil market should expect this lack of capacity will keep prices heading higher throughout the year. WTI crude is back above many ke
Jan 4, 2022 by Edward Moya
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