British Prime Minister Keir Starmer said he is “fed up” with seeing UK energy bills constantly rise and fall.
WTI crude rose nearly 4.5% to trade around $95 a barrel on Thursday, partly recovering from the sharp drop seen in the previous session. At the time of writing, however, roughly half of those gains had already faded.
Gasoline futures also tried to move higher after the earlier selloff, as the two week ceasefire in the Middle East appeared to be coming under pressure following Israeli strikes on Lebanon. Those gains were also almost entirely erased at the time of writing.
But the Middle East is not the only factor affecting energy prices. US natural gas futures hovered around $2.72 per MMBtu, near their lowest level since November 2024, as milder weather forecasts will likely lead to softer demand.
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