US eyes labour market data; and watches rising CDO activity; ECB cuts rates as expected; China's construction prospects dim; ...
July Nymex natural gas (NGN24) on Wednesday closed up by +0.171 (+6.61%). July nat-gas prices Wednesday closed sharply higher as US weather forecasts turned warmer, which will boost nat-gas demand ...
Bloomberg also calculated that on the monthly basis, oil and gas budget proceeds actually declined by more than 35% in May.
Oil prices bounced back on Wednesday, despite the jump in US weekly inventories, as the WTI settled up 1.1 per cent at $74.07 ...
Saudi Arabia set its flagship Arab Light crude oil official selling price (OSP) to Asia at plus $2.40 versus Oman/Dubai average for July, a document seen by Reuters showed on Wednesday.
Global Insight's chief UK economist Howard Archer said: "The weaker pound reinforced the upward pressures coming from high oil, metal and food prices. "This further jump in input prices maintains ...