Oil fell in another choppy session as flows through a major pipeline from Russia to Europe looked set to resume soon, while industry estimates showed an increase in US inventories.
Russia is getting ready to resume oil flows through a pipeline to central Europe after Hungary’s sole refiner stepped in to resolve a problem over the payment of a transit fee to Ukraine.
European natural gas prices surged as a climate crisis threatens to curtail energy shipments along the Rhine River and signs continue to emerge of a potentially difficult winter ahead.
(Bloomberg) -- US equity futures posted modest gains on Wednesday in cautious trading before US inflation data that will shape investor expectations for further Federal Reserve interest-rate hikes.
Northwest Europe is forecast to begin a perilous winter with historically low amounts of diesel, a fuel that powers vast swaths of the economy.
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