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Daily (08.11.2021): Oil prices lost around 3% on Friday, as the effect from reports of countries delving into strategic reserves wore off
Oil prices recovered ground on Friday, as market participants doubted the prospects of countries, such as the US, tapping into strategic reserves to relieve prices. As a result, Brent oil strengthened by 2.7% to $82.74 a barrel and WTI crude surged by 3.1% to $81.27 a barrel.
read more... 08/11/2021
Daily (05.11.2021): British near-term gas prices dropped sharply on Thursday after resumption of Russian gas flows to Germany through Yamal
Oil prices fell on Thursday, reversing earlier gains in a volatile session following news that Saudi Arabia's oil output will soon exceed 10 million barrels per day for the first time since the COVID-19 pandemic began. Hence, Brent crude decreased by 1.8% to settle at $80.54 a barrel, the lowest level since October 1. At the same time, U.S. WTI crude fell by 2.5%, to settle at $78.81 a barrel, the lowest level since October 7.
read more... 05/11/2021
Daily (04.11.2021): Oil prices lost more than 3% on Wednesday, weighed by an increase in US crude stocks
Crude oil prices retreated on Wednesday, following news that US crude reserves had risen again on a weekly basis by a larger-than-expected amount. Hence, Brent oil decreased by 3.2% to $81.99 a barrel and WTI crude fell by 3.6% to $80.86 a barrel.
read more... 04/11/2021
Daily (03.11.2021): British gas prices climbed on Tuesday amid low supplies from Russia, weak wind generation
Crude oil prices moved sideways on Tuesday ahead of weekly U.S. supply reports expected to show a rise in crude inventories and ahead of OPEC+ meeting. Hence, Brent crude ended rather flat at $84.72 a barrel. U.S. WTI crude lost 0.2% to end at $83.91 a barrel.
read more... 03/11/2021
Daily (02.11.2021): German, French spot electricity prices hovered at above 200 EUR/MWh on Monday amid low renewable generation
Crude oil prices increased slightly on Monday amid expectations that OPEC+ would stick to existing production quotas at their meeting on Thursday. Hence, Brent crude added 0.4% to settle at $84.71 a barrel. U.S. WTI crude ended at 84.05 a barrel, increasing by 0.6% day-on-day.
read more... 02/11/2021