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Daily (11.03.2022): British gas prices plummeted on Thursday as fears of a complete disruption of Russian energy abated
Oil prices retreated on Thursday, taking a breather after a period of wild trading as Russia pledged to fulfill contractual obligations. Hence, Brent crude fell by $1.81, or 1.6%, to settle at $109.33 a barrel. U.S. WTI crude dropped by $2.68, or 2.5%, to settle at $106.02 a barrel.
read more... 11/03/2022
Daily (10.03.2022): Brent crude slumped by 13% on Wednesday as UAE calls for production boost
Oil prices saw their biggest one-day plunge in over three months on Wednesday following comments from the Ukrainian government that they would be willing to compromise in order to end the ongoing war. In addition, there were reports that the UAE would call on OPEC+ to increase output more aggressively. Hence, Brent crude plummeted by 13% to settle at $111.14 a barrel. U.S. WTI crude WTI crude oil tumbled by 12% to settle at $108.7 per barrel.
read more... 10/03/2022
Daily (09.03.2022): European carbon prices rebounded by over 17% on Tuesday as investors priced in a more emissions-intensive future
Oil prices extended gains on Tuesday, with Brent crude approaching $130 a barrel after the US said it would ban imports of Russian oil and gas – a move matched by a UK phase-out of Russian oil imports. Hence, Brent crude soared by 3.9% to settle at $127.98 a barrel. US WTI crude increased by 3.6% to end at $123.70 a barrel.
read more... 09/03/2022
Daily (08.03.2022): Oil crude prices hit 10-year highs on Monday due to potential ban on Russian oil imports by western nations
Oil prices continued their bullish evolution on Monday. Concerns over a potential ban on Russian oil imports by western nations and no major progress in Ukraine negotiations boosted prices. Consequently, Brent crude surged by 4.3% to settle at $123.21 a barrel. At the same time, WTI crude ended 3.2% higher at $119.40 a barrel.
read more... 08/03/2022
Daily (07.03.2022): Crude oil surged to new multi-year highs on Friday amid supply fears
Crude oil prices surged to multi-year fresh highs on Friday amid ongoing supply worries as traders avoided buying Russian oil products, outweighing optimism about Iran nuclear deal. Hence, Brent crude spiked by 6.9% to settle at $118.11 a barrel., its highest level since February 2013. U.S. WTI crude soared by 7.4% to end at $115.68 a barrel, its highest finish since September 2008.
read more... 07/03/2022