The Chinese authorities issued a recommendation to energy companies to secure the supply of raw materials at all costs. China's deputy prime minister allegedly said that "power shortages" would not be tolerated. At the same time, China is expecting a harsh winter that could lead to problems regarding energy supplies. Gas prices are rising even faster than in Europe, but this news has a clear impact on oil prices - WTI has broken above the USD 75 level in the last several dozen minutes. US gas prices are not growing dynamically, which may be related to the strong increase in gas inventories.
Oil rebounds sharply! Source: xStation5
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
