Oil prices fell more than 3% on Thursday, with demand squeezed by mounting COVID-19 cases in China and fears of more aggressive hikes in U.S. interest rates. Brent crude fell $3.08 to settle at $89.78 a barrel, down 3.3%. U.S. West Texas Intermediate crude slid $3.95, or 4.6%, to settle at $81.64 per barrel. "It's kind of a triple whammy.
Oil prices fell for a second day in early Asian trade on Thursday as concerns over geopolitical tensions eased and rising numbers of COVID-19 cases in China added to demand worries in the world's largest crude importer. Brent crude futures dropped by 62 cents, or 0.7%, to $92.24 a barrel by 0110 GMT.
U.S. natural gas futures closed about 3% higher on Wednesday, reversing earlier losses as colder midday
weather forecasts outweighed news a few liquefied natural gas (LNG) vessels turned away ...
U.S. shale producer Coterra
Energy (CTRA) on Wednesday said investors may soon change their attitude toward pushing oil and gas companies to limit production growth in favor of returns, as oil prices and demand for energy surges.
U.S. natural gas futures fell about 4% to a two-week low on Wednesday on forecasts
for less cold weather and lower heating demand next week than previously expected, and on expectations
Freeport LNG ...
U.S. Treasury Secretary Janet Yellen met China's central bank Governor Yi Gang on Wednesday for talks on issues ranging from high energy and commodity prices to the macroeconomic outlook in both countries, the U.S. Treasury department said. The meeting, which lasted two hours, "had a frank, constructive, and positive tone", said a U.S. Treasury official.
* Druzhba pipeline resumes flows -Hungary foreign minister. * Oil tanker hit off Oman coast. * U.S. stockpiles decline more than expected. * OPEC oil exports fall significantly - Petro-Logistics. By Shariq Khan.
U.S. Treasury Secretary Janet Yellen met China's central bank Governor Yi Gang on Wednesday for talks on issues ranging from high energy and commodity prices to the macroeconomic outlook in both countries, the U.S. Treasury department said. The meeting, which lasted two hours, "had a frank, constructive, and positive tone", said a U.S. Treasury official.
U.S. Treasury Secretary Janet Yellen met China's central bank Governor Yi Gang on Wednesday for talks on issues ranging from high energy and commodity prices to the macroeconomic outlook in both countries, the U.S. Treasury department said. The meeting, which lasted two hours, "had a frank, constructive, and positive tone", said a U.S. Treasury official.
Oil prices settled more than a dollar lower on Wednesday after Russian oil shipments via the Druzhba pipeline to Hungary restarted and as rising COVID-19 cases in China weighed on sentiment. Brent crude futures settled a dollar lower at $92.86 a barrel, down 1.1%. U.S. West Texas Intermediate crude futures slid by $1.33, or 1.5%, to settle at $85.59 a barrel.
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