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Daily (16.11.2021): British gas prices increased on Monday as Russia failed to book additional transit capacity through Ukraine
Crude oil prices struggled for direction on Monday amid uncertainty whether crude supplies will increase and demand will be constrained by the recent surge in energy costs and rising COVID-19 cases. Hence, Brent crude softened by 0.2% to settle at $82.05 a barrel. At the same time, U.S. WTI crude added 0.1% to and at $80.88 a barrel.
read more... 16/11/2021
Daily (15.11.2021): Oil prices fell by nearly 1% on Friday, weighed by forecasts of lower demand and rumors of tapping into strategic reserves
Oil prices retreated on Friday, on rumors of potential withdrawals from US strategic reserves and OPEC data suggesting a slowdown in demand growth for the end of 2021. As a result, Brent oil lost 0.8% at $82.17 a barrel and WTI crude fell by 1% to $80.79 a barrel.
read more... 15/11/2021
Daily (12.11.2021): British gas prices increased sharply on Thursday as Belarusian threat to stop flows to Europe worsened the supply squeeze
Oil prices fluctuated in a choppy trading on Thursday, ultimately increasing modestly after U.S. inflation data sent bond yields and the dollar higher. Hence, Brent crude futures rose by 0.3% to close at $82.87 a barrel. At the same time, U.S. WTI crude ended at $81.59 a barrel, posting a 0.3% gain day-on-day.
read more... 12/11/2021
Daily (11.11.2021): Gas markets extended losses on Wednesday, weighed by improved gas supply from Russia
Crude oil prices declined sharply on Wednesday, as the EIA announced a further increase in US crude inventories. As such, Brent oil lost 2.5% at $82.64 a barrel and WTI crude dropped by 3.3% to $81.34 a barrel.
read more... 11/11/2021
Daily (10.11.2021): Oil prices hit a two-week high on Tuesday amid signs of global demand recovery, tight supply
Crude oil prices increased to hit a two-week high on Tuesday after the U.S. lifted its travel restrictions and amid more signs of a global post-pandemic recovery, while supply remains tight. Hence, Brent crude rose by $1.35, or 1.6%, $84.78 per barrel, while U.S. West Texas Intermediate (WTI) crude rose by $2.22, or 2.7%, to settle at $84.15.
read more... 10/11/2021