Investing.com — Crude oil prices rose Thursday, boosted by signs of resilient economic activity in the U.S. as well as expectations of tighter supplies as the year progresses. By 09:10 ET (13.10 GMT), the futures traded 1.3% higher at $79.83 a barrel, while the contract climbed 0.9% to $83.33, with…

HONG KONG (Reuters) – China and the U.S. agreed to keep in close communication on issues including climate change, envoys from the two nations said on Thursday during a video call. The two sides exchanged views on topics such as strengthening China-U.S. climate change dialogue, and promoting cooperation in the…

By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Thursday said Ethan Zindler, a climate and clean energy research executive, has been named the department’s new climate counselor, charged with leading its efforts to unlock financing to achieve a net-zero carbon emissions economy. Zindler replaces John Morton, who stepped…

Investing.com – The Federal Reserve said it a day ago and the Commerce Department has just proven it: There less chance of a U.S. recession happening as the days go by — unless, of course, the oil price spike pushes the central bank to a new round of aggressive rate…

By Laura Sanicola (Reuters) -Oil settled higher Thursday, with topping $84 a barrel for the first time since April, supported by supply tightness following OPEC+ production cuts and renewed bullishness on the outlook for Chinese demand and global growth. Crude has posted four consecutive weekly gains on an expected tightening…

By Timothy Gardner WASHINGTON (Reuters) – The Department of Energy said on Thursday it is accepting applications from states and territories for $8.5 billion in rebate programs for upgrades in U.S. homes that aim to lower energy bills and increase energy efficiency. The rebates for items including insulation, heat pumps,…

By Scott DiSavino (Reuters) – U.S. power prices rose to their highest in months in a couple of markets as homes and businesses cranked up their air conditioners to escape a brutal heatwave blanketing much of the country this week, stressing electric grids. Extreme weather reminds consumers of the fatal…

Investing.com – The bulls in U.S. natural gas can’t seem to break beyond mid-$2 pricing. Weather forecasts indicating August temperatures may be lower than those of July drove a stake on Thursday into gas longs who had been counting on this month’s superheat to extend into later summer, heightening power…

By Gloria Dickie (Reuters) – July 2023 is set to upend previous heat benchmarks, U.N. Secretary-general António Guterres said on Thursday after scientists said it was on track to be the world’s hottest month on record. The U.N. World Meteorological Organization (WMO) and European Union’s Copernicus Climate Change Service also…

Investing.com – After the ride to seven-week highs just a fortnight ago, gold longs are now seeing the other end of the spectrum. The yellow metal booked on Thursday its sharpest one-day loss since late June responding to the Federal Reserve’s return to the path of monetary tightening a day…