Gold prices remained mostly steady on Monday, despite the potential for a further drop due to warnings from the Federal Reserve about prolonged higher interest rates. The strength of the dollar and yield pressures have also contributed to the situation. Over recent weeks, gold has shown minimal fluctuation in its…

In a recent forecast, JPMorgan has predicted a potential surge in prices to $150 per barrel. This prediction was made on Monday, as the financial institution observed escalating oil rates that have been on a consistent upward trajectory. The bank’s forecast reflects the ongoing trend in the global oil markets…

KYIV (Reuters) – Ukraine and the United States have signed a memorandum of understanding (MoU) under which Kyiv will receive up to $522 for strengthening the resilience of the Ukrainian energy system, the U.S. embassy in Ukraine said. Ukraine will receive $422 million in new energy assistance and a further…

By Robert Harvey and Natalie Grover LONDON (Reuters) – Oil prices may be near $100 a barrel, but a range of factors could prevent a sustained rally above that level, analysts say. They include a projected rise in non-OPEC production, in addition to Russia’s need to boost supply to increase…

The recent surge in oil prices, which has seen an increase of 30% since late June, is a “manageable headwind” for the US economy and consumers, according to Goldman Sachs. The bank’s analysts have stated that despite the rise in gasoline prices nationwide, it is unlikely to cause a significant…

The Federal Reserve’s decision to keep interest rates at their highest in 22 years, announced last week, has led to significant reactions in the market, including some of the highest treasury yields seen in over a decade and a half. The move hints at a continuation of elevated rates for…

(Reuters) – The U.S. grid-scale energy storage installations hit a new record in the second quarter of 2023, a report by Wood Mackenzie and the American Clean Power Association (ACP) said. Grid-scale energy storage is essential in helping balance and regulate energy supply in a grid that is increasingly reliant…

By Stephanie Kelly and Nicole Jao NEW YORK (Reuters) -Oil prices settled nearly flat in choppy trade on Monday as Russia relaxed its fuel ban and investors eyed elevated interest rates that could curb demand. futures settled 2 cents higher at $93.29 a barrel. U.S. West Texas Intermediate crude settled…

Investing.com – Crude prices remained in flat to negative territory on Monday as the dollar hit a 10-month high amid a dearth of buying leads in oil, after last week’s loss triggered by concerns that the Federal Reserve could turn excessively hawkish with U.S. interest rates. News that Russia had…

Investing.com– Gold futures fell Monday, edging away from mid-$1,900 levels, as the dollar hit 10-month highs in response to the Federal Reserve’s warning last week that U.S. interest rates will remain higher for longer. Gold’s most-active futures contract on New York’s Comex, , settled down $9, or 0.5%, at $1,936.60…