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Daily (30.12.2021): Oil prices extended gains on Wednesday, after another decrease in weekly US crude stocks
Oil prices increased for a third session in a row on Wednesday, supported by a further drop in US crude reserves. However, the possible impact of the Omicron variant, new lockdowns and travel restrictions, are limiting gains. Brent oil edged 0.4% up, settling at $79.23 a barrel. WTI crude gained 0.8% at $76.56 a barrel.
read more... 30/12/2021
Daily (29.12.2021): European spot power prices rose sharply on Tuesday, following news on the shutdown of three German reactors
Crude oil prices strengthened on Tuesday, as concerns related to Omicron continued to dissipate, amid news that CDC health authorities halved the isolation period for those infected from ten to five days. Hence, both Brent oil and WTI crude increased by around 0.5% to $78.94 a barrel and $75.98 a barrel, respectively.
read more... 29/12/2021
Daily (28.12.2021): Oil prices climbed to their highest levels since November as Omicron concerns eased
Crude oil prices soared to their highest level since Nov. 26 on Monday, supported by hopes that the impact of the new Coronavirus mutant “Omicron” will be limited on global demand in 2022. Oil is heading for a yearly gain after a robust rebound from the pandemic, but the rally was curbed in recent weeks, in part due to concerns about Omicron. Hence, Brent crude rose by $2.46, or 3.2%, to settle at $78.60 a barrel. U.S. WTI crude increased by $1.78, or 2.4%, to settle at $75.57 a barrel.
read more... 28/12/2021
Daily (27.12.2021): Crude oil prices lost around 1% on Friday, on profit-taking by market participants
Oil prices decreased slightly on Friday, as a result of profit-taking after three consecutive sessions of gains. Hence, both Brent crude and WTI oil slipped by nearly 1% to $76.14 a barrel and $73.09 a barrel, respectively.
read more... 27/12/2021
Daily (24.12.2021): British gas prices were in freefall on Thursday, putting pressure on energy complex
Crude oil prices increased on Thursday amid signs that the Omicron variant may be less severe than previous strains. Hence, Brent crude advanced by 2.07%, or $1.56, to settle at $76.85 per barrel. U.S. WTI crude settled $1.03, or 1.4%, higher at $73.79 a barrel.
read more... 24/12/2021