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(Daily 19.07.2022): Oil prices rebounded on Monday, influenced by a weaker dollar
Oil prices rebounded on Monday, influenced by a weaker dollar and expectations that the US Federal Reserve will not raise interest rates by a full percentage point to combat inflation. Thus, Brent crude rose by 5% to settle at $106.27 a barrel, while WTI surged by 4.1% to $102.6.
read more... 19/07/2022
EU countries consider options to avoid carbon market fundraising plan
European Union countries are considering alternatives to an EU plan to use a carbon market reserve to help finance their exit from Russian gas, as some fear the proposal would undermine the bloc's main climate change policy.
read more... 15/07/2022
(Daily 14.07.2022): Long-term gas prices rose on Wednesday after the announcement that Nord Stream 1 maintenance may last longer than expected
Oil prices increased slightly on Wednesday even after U.S. oil stocks increased and after U.S. inflation data strengthened the argument for yet another significant Federal Reserve interest rate increase. Thus, Brent crude ended rather flat at $99.57 a barrel, while WTI crude rose by 0.5% to $96.30 per barrel.
read more... 14/07/2022
Daily (24.06.2022): Oil prices fell to $110 a barrel amid concerns of a slower economic growth in the United States
Oil prices fell on Thursday after more remarks from Federal Reserve Chair Jerome Powell stoked concerns that interest rate hikes might lead to a slower pace of the economic growth. Brent crude decreased by 1.5% to $110.05 a barrel.
read more... 24/06/2022
Daily (15.06.2022): British gas prices rallied on Tuesday amid weaker Russian flows, maintenance in Norway
Oil prices lost ground on Tuesday as investors worried that the US Federal Reserve would raise interest rates sooner than expected. Hence, Brent crude decreased by 0.9%, to settle at $121.17 a barrel. U.S. WTI crude slipped by 0.7%, to settle at $118.93 a barrel.
read more... 15/06/2022