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Daily (01.02.2022): UK gas prices eased on Monday on forecasts for warmer weather next month
Oil prices edged up on Monday, trading near seven-year highs, as investors await that supplies will stay tight, due to limited production rise by major oil producers and a strong recovery in fuel demand. Tensions between Russia and the West also underpinned crude prices, which soared by about 17% in January, the biggest monthly gain since February 2021. As such, Brent crude price rose by 1.3% to settle at $91.21 a barrel. The American WTI crude closed 1.5% higher at $88.15 a barrel.
read more... 01/02/2022
Daily (31.01.2022): Energy markets were in disarray on Friday, influenced by escalating tensions between Ukraine and Russia
Crude oil prices increased slightly on Friday, amid extended risks to crude supply due to escalating geopolitical tensions between Ukraine and Russia. Thus, Brent oil rose by 0.8% to $90.03 a barrel and WTI crude edged 0.2% higher at $86.82 a barrel.
read more... 31/01/2022
Daily (28.01.2022): European forward power prices were bullish on Thursday amid strong gas and CO2 markets
Crude oil prices eased on Thursday on the back of a stronger US dollar, but investors remained focused on the threat of a Russian attack on Ukraine and concerns over potential supply disruptions. As such, Brent crude fell by merely 0.7% to settle at $89.34 a barrel. At the same time, the American WTI crude price lost 0.9% at $86.61 a barrel.
read more... 28/01/2022
Daily (27.01.2022): European carbon prices gained around 1.4% on Wednesday, amid an increase in traders positions on the market and strong auction results
Crude oil prices rose on Wednesday, as a conference of Russian, Ukrainian, French, and German negotiators in Paris failed to produce any concrete results. In addition, the weekly EIA report revealed a decrease in US strategic oil reserves, driving prices higher. Despite an increase in weekly crude stockpiles, both Brent oil and WTI crude jumped by 2% to $89.96 a barrel and $87.35 a barrel, respectively.
read more... 27/01/2022
Daily (26.01.2022): Brent crude rose by more than 2% amid persisting geopolitical tensions and supply concerns
Geopolitical tensions sent crude prices higher amid an already tight oil market. Threats to infrastructure in the United Arab Emirates and struggles by OPEC+ to hit its targeted monthly output increase lent additional support to prices. As such, Brent crude rose by 2.2% to end at $88.20 a barrel. At the same time, WTI crude price increased by 2.8% to settle at $85.20 a barrel.
read more... 26/01/2022