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Dutch and British wholesale gas prices held steady on Friday morning as warmer forecasts limited some of the upside momentum sparked by expectations of intensifying competition from Asia for liquefied natural gas (LNG) deliveries.
The US is not suffering from “stagflation” and is growing well despite stubborn inflation, Federal Reserve chairman Jerome Powell has said.
The metal surged to a two-year high this week as traders ramped up bets that copper’s bull market is unfinished business.
Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided. Brent futures were up 13 cents, or 0.15%, at $87.42 a barrel, while US West Texas Intermediate (WTI) crude futures traded 6 cents higher, up 0.07%, at $82.75 a barrel at 0636 GMT.
Market remains concerned about demand in 2024 and on signs that a wider conflict in the Middle East could be avoided