The Norwegian energy major reported a sharper-than-expected decline in underlying profit for the third quarter as a drop in oil prices and sales volumes offset resilient gas production.
Natural Gas and Oil prices rise as geopolitical tensions and upcoming U.S. elections fuel market uncertainty. Key resistance levels may trigger further gains.
Oil, natural gas, and US dollar markets show strong volatility due to geopolitical uncertainty and the upcoming US election.
Oil prices edged higher on Thursday, recouping some of the more than 1% losses from the previous session after U.S. crude inventories rose much more than estimated.
Oil rose on reports of conflict in the Middle East, which could lead to supply disruptions in the region.
U.S. crude oil inventories increased more than expected by analysts as production held at a record level and imports rose.
Gasoline inventories increased by 0.9 million barrels from the previous week.
Jason Bordoff, founding director of the Center on Global Energy Policy at Columbia University, discusses the energy policies that might be implemented under either upcoming U.S. administration
The crude oil market continues to see a lot of noisy behavior, as we have pulled back a bit in the early part of the Wednesday session. This asset has a lot of things to pay attention to at the same time.
Oil futures fell Wednesday after industry data showed an unexpected rise in U.S. crude inventories ahead of official figures.
Crude oil futures dip as API data shows a surprising 1.64M barrel inventory rise, sparking volatility ahead of today's key EIA report.
Geopolitical instability boosts oil and gas prices, yet growing US inventories and demand worries could limit further gains.