By Laura Sanicola (Reuters) -Oil prices settled lower on Thursday, with holding close to January highs, as speculation about another U.S. interest rate hike faded following inflation data and OPEC remained positive on the oil demand outlook. Both benchmarks have been on a sustained rally since June, with West Texas…

Investing.com — Now you see it, now you don’t: That’s how natural gas’ latest run to $3 pricing was, with speculation of production tightness resulting in a near 7% rally unwound within a day by a bearish storage report. The front-month September gas contract on the New York Mercantile Exchange’s…

Investing.com — Gold prices steadied at one-month lows on Friday as recent data provided somewhat mixed cues on U.S. inflation, while copper prices were nursing steep losses for the week amid growing concerns over top importer China. Data on Thursday showed that grew steadily in July from the prior month,…

By Deep Kaushik Vakil (Reuters) – Gold prices on Friday were on track for their worst week in seven, hurt by an overall stronger dollar and elevated bond yields as investors digested the latest U.S. inflation numbers and awaited for more economic data later in the day. rose 0.3% to…

By Natalie Grover and Alex Lawler LONDON (Reuters) -OPEC+ supply cuts could erode oil inventories in the rest of this year, potentially driving prices even higher, before economic headwinds limit global demand growth in 2024, the International Energy Agency (IEA) said on Friday. Tighter supply driven by oil output cuts…

Investing.com — demand is touching record high, thanks in part to a surge in air travel this summer and increased oil use in power generation, according to a new report from the International Energy Agency on Friday. Demand touched an all-time high of 103 million bpd in June and could…

Investing.com — Crude oil prices rose Friday, helped by upbeat demand forecasts, but gains have been limited by an increase in producer prices in July. By 09:45 ET (13:45 GMT), the futures traded 0.2% higher at $82.97 a barrel, while the contract climbed 0.2% to $86.53.  Both contracts are on…

(Reuters) -Demand for power in Texas hit a record high on Thursday for the third time this week and the tenth time this summer as homes and businesses cranked up air conditioners to escape a lingering heat wave. The Electric Reliability Council of Texas, which operates the grid for more…

Investing.com — Helped by forecasts for record world oil demand this month, coming no less from the closely-followed International Energy Agency, crude prices finished with a seventh straight week of gains — the longest winning streak since June 2022. Yet, the rally is slowing. In the latest week, U.S. crude…

By Shariq Khan BENGALURU (Reuters) -Oil prices edged higher on Friday after the International Energy Agency forecast record global demand and tightening supplies, propelling prices to the seventh straight week of gains, the longest such streak since 2022. futures rose 41 cents, or 0.5%, to settle $86.81 a barrel, while…