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  • Oil falls on worries of U.S. rate hikes, China demand outlook

    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 falls as geopolitical tensions ease, China COVID concerns return

    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. natgas futures gain 3% on colder midday weather forecast

    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 ...

  • Coterra Energy eying change among oil investors' views on growth

    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. natgas falls 4% on less cold forecasts, Freeport LNG delay

    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 ...

  • Yellen, China central bank head hold broad talks at G20 summit

    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 fall as Druzhba pipeline resumes flows

    * 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.

  • Yellen, China central bank head hold broad talks at G20 summit

    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.

  • Yellen, China central bank head hold broad talks at G20 summit

    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 falls as Druzhba pipeline reopens, China COVID worries stay at the fore

    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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