A difficult period for the oil market lasting throughout the whole year is about to come to an end. As it is supposed by Commerzbank strategists, Brent Crude Oil prices will rise again next year, reaching a level of $95 in the middle of 2023.

A number of investors with about $1.4 trillion in combined assets have called for taking actions to reduce greenhouse gas emissions.

Russian Deputy Prime Minister Alexander Novak believes it will be difficult for European countries to find alternatives to Russian oil products when the effect of the EU embargo becomes fully evident.

Chevron Chairman and CEO Mike Wirth discussed Joe Biden's claims regarding the oil industry.

As it is expected, the current winter season poses little risk for European countries due to gas storage in the region being 90% full. However, next winter might turn out to be a difficult period.

Oil prices rose on Tuesday amid market concerns over adverse weather conditions in the U.S. This may have a negative impact on the supply chain, as well as on the production of petroleum products and shale oil.

The experience of the Great Recession can be useful now, as there is a need to actively accumulate silver during the crisis period to receive a high income in its realization after the end of the recession.

Chief investment officer of Swiss Asia Capital Juerg Kiener forecasts the rise in gold prices to $4,000 per ounce in the following year. Such a surge is expected due to continued market volatility.

Dmitry Medvedev, deputy chairman of the Security Council of Russia, voiced his new forecast for oil and gas prices in 2023. According to a recent post published on his Telegram channel on Monday, oil prices might rise to a level of $150 per barrel.

Gold prices jumped ahead of Christmas. Data released on Friday showed that US inflation cooled in November. However, the Federal Reserve may not consider it as a strong argument to slow the pace of interest rate hikes.