The first four months of the year have been turbulent for oil markets. Brent crude oil plunged by more than $12 per barrel ($/bbl) in the four trading days following April 2. This marked the 11th-worst four-trading-day price performance since 1990 and was accompanied by a 50 percent surge in anticipated oil price volatility. Brent […]
Oil prices climbed about 2% to a two-week high on Monday after the U.S. and China agreed to temporarily slash tariffs, raising hopes of an end to the trade war between the world’s two biggest economies. Brent crude futures rose $1.35, or 2.1%, to $65.26 a barrel by 11:39 a.m. EDT (1539 GMT), while U.S. […]
NRG Energy said on Monday it would acquire power generation assets from energy infrastructure investment firm LS Power in a deal valued at $12 billion, as the U.S. utility bets on surging electricity demand, sending shares up more than 24% to hit an all-time high of $148.30. With U.S. power demand set to hit record highs in […]
Gold climbed on Thursday after the Federal Reserve warned of rising inflation and labor market risks fuelling economic uncertainty, while investors awaited the outcome of the U.S.-China trade talks this weekend. Spot gold rose 1.4% to $3,409.76 an ounce, as of 0223 GMT. U.S. gold futures firmed 0.7% to $3,416.70. “I think it’s mostly a […]
