European Gas Steadies as Traders Eye Mixed Signals on Iran
European natural gas prices steadied as traders weighed mixed signals from the US on talks with Iran on reopening the Strait of Hormuz.
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European natural gas prices steadied as traders weighed mixed signals from the US on talks with Iran on reopening the Strait of Hormuz.
The Bank of Canadaโs governing council warned that it may need to hike interest rates, saying the longer gasoline prices remain elevated, the more likely that would pass through to other goods and services.
French motorists are flocking to gas stations operated by TotalEnergies, where gasoline prices are capped, but its rivals are accusing the oil giant of unfair competition with the government's support.
Veteran commodities strategist Jeff Currie said average US gasoline prices will almost certainly hit $5 a gallon before the midterm elections, citing a toxic combination of scarcity and currency debasement.
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