The optimism came as the weaker demand outlook pushed Brent crude down to $88 a barrel, while natural gas futures are at a one-month low in Europe as policymakers pursue initiatives including price caps to tackle the energy crisis.
The slight softening in prices from this summer's highs has boosted hopes that the US Federal Reserve might be able to step off the pace of interest rate hikes.
This story is from the September 08, 2022 edition of Evening Standard.
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This story is from the September 08, 2022 edition of Evening Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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