Latest news
Daily (24.11.2021): British gas prices spiked on Tuesday amid U.S. new sanctions on Nord Stream 2
Oil prices soared to hit one-week high on Tuesday as the statement by President Joe Biden that the administration will tap the Strategic Petroleum Reserve to calm 2021′s rapid rise in fuel prices fell short of some expectations. Hence, Brent crude increased by $2.61, or 3.3%, to settle at $82.31. U.S. WTI crude climbed by $1.75, or 2.3%, to settle at $78.50 a barrel.
read more... 24/11/2021
Daily (22.11.2021): Oil prices declined on Friday, pressured by fears of renewed lockdowns in Europe
Crude oil prices retreated on Friday, as the reintroduction of lockdown measures in several European countries raised concerns over demand for black gold. Thus, Brent oil fell by 2.9% to $78.89 a barrel and WTI crude tumbled by 3.9% to $75.94 a barrel.
read more... 22/11/2021
Daily (19.11.2021): European carbon prices hit a fresh all-time high above 69 EUR/t on Thursday amid speculative buying
Oil prices increased slightly on Thursday, but the market was unable to reprise its recent highs as China seems ready to release some of its oil reserves, in apparent collaboration with the United States to fight back against OPEC output cuts. Hence, Brent crude settled 96 cents, or 1.2%, higher at $81.24 a barrel. U.S. WTI crude closed 65 cents, or 0.8%, higher at $79.01 a barrel.
read more... 19/11/2021
Daily (18.11.2021): Oil prices lost around 3% on Wednesday, due to dollar strength and fears of the US tapping into strategic reserves
Oil prices declined on Wednesday, pressured by a stronger US dollar and continued concerns of drawdowns from strategic crude reserves. Consequently, Brent oil fell by 2.6% to $80.28 a barrel and WTI crude dropped by 3% to $78.36 a barrel.
read more... 18/11/2021
Daily (17.11.2021): Suspended NS2 certification sent British gas prices to fresh record highs on Tuesday
Oil prices ended mixed in a choppy trading on Tuesday, with Brent crude moving higher as Saudi Arabia fuelled supply concerns by saying it would not accelerate production increases. However, concerns about rising Covid-19 cases in Europe limited gains. Hence, Brent crude added 0.5% to settle at $82.43 a barrel. In contrast, WTI crude lost 0.2% to settle at $80.76 a barrel following signals from the Biden administration that it has been considering a release from its emergency crude reserves.
read more... 17/11/2021