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Daily (25.10.2021): Oil prices rose by over 1% on Friday, on bullish demand and low supply
Crude oil prices rose on Friday, supported by continued strong demand and limited supply. Thus, Brent oil increased by 1.1% to $85.53 a barrel and WTI crude gained 1.5% at $83.76 a barrel.
read more... 25/10/2021
Daily (22.10.2021): European front-year power contrats slumped on Thursday amid softer gas
Crude oil prices retreated on Thursday, taking a breather after hitting their multi-year highs amid forecasts of a warm U.S. winter and concerns about the effect of coronavirus pandemic restrictions on global economic recovery. However, prices remain elevated as the energy supply crisis persists. Hence, Brent crude fell by $1.21 or 1.4% to $84.61 a barrel. U.S. WTI crude settled down 92 cents or 1.10% to $82.50.
read more... 22/10/2021
Daily (21.10.2021): European carbon prices gained nearly 6% on Wednesday, on cold weather forecasts and higher energy prices
Crude oil prices rose on Wednesday, after the EIA published the report on US crude stocks, which unexpectedly decreased week-on-week. Thus, Brent oil increased by 0.9% to $85.82 a barrel and WTI crude edged 0.6% higher at $83.42 a barrel.
read more... 21/10/2021
Daily (20.10.2021): Brent crude closed above $85 a barrel for first time since October 2018 amid lingering supply crisis
Crude oil prices climbed to fresh multi-year highs on Tuesday amid persistent global supply squeeze, while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs. Hence, Brent crude rose by 0.9% to settle at $ 85.08 a barrel, the highest level since October 2018. U.S. WTI crude added 52 cents to settle at $82.96 a barrel, posting a fresh seven-year high.
read more... 20/10/2021
Daily (19.10.2021): British gas prices soared on Monday as pipeline auctions disappoint
Oil prices diverged, pairing multi-year highs on Monday amid a fall in US industrial production in September along with weaker GDP numbers from China. Hence, Brent crude lost 0.6% to settle at $84.33 a barrel. U.S. WTI crude settled 0.2% higher, at $82.44 a barrel.
read more... 19/10/2021