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Daily (18.10.2021): European carbon prices lost over 3% on Friday, following reports of new measures to curb speculative trading
Crude oil prices strengthened on Friday, supported by growing demand, as a result of the recovery from the pandemic, and limited supply of black gold. As such, Brent oil gained 1% at $84.86 a barrel and WTI crude rose by 1.2% to $82.28 a barrel.
read more... 18/10/2021
Daily (15.10.2021): Oil prices climbed to multi-year highs on Thursday as Saudi Arabia dismissed calls for additional OPEC+ supplies
Crude oil prices climbed to hit multi-year highs on Thursday after Saudi Arabia, one of the main crude oil producers in the world, rejected to follow the policy of OPEC+ to increase their output for price controls. Additionally, the International Energy Agency (IEA) said surging natural gas prices could boost demand for oil among power generators. Hence, Brent crude rose by 1% to settle at $84.00 a barrel, the highest level since October 2018. U.S. WTI crude increased by 1% to close at $81.31 a barrel, hitting a seven-year record high.
read more... 15/10/2021
Daily (14.10.2021): British near-term gas prices edged up on Wednesday on low storage, high LNG
Oil prices traded down in a steady trading on Wednesday amid profit-taking, while traders assessed OPEC’s skepticism around the strength of crude demand even after prices hit the highest since 2014. Hence, Brent crude settled 24 cents, or 0.3%, lower at $83.18 per barrel. U.S. West Texas Intermediate (WTI) crude eased by 20 cents, or 0.3%, to end at $80.44.
read more... 14/10/2021
Daily (13.10.2021): Energy prices faced small fluctuations on Tuesday, but the market remains highly nervous
Oil prices evolved differently on Tuesday to end the session little changed amid concerns that higher energy costs could affect the global economic recovery. Hence, Brent crude lost 0.3% to $83.42 a barrel. U.S. WTI crude added 0.2% to $80.64 a barrel.
read more... 13/10/2021
Daily (12.10.2021) Oil prices rose by 1.5% to hit multi-year highs on Monday amid surging demand
Crude oil prices rose to multi-year highs on Monday amid continued concerns over tightness in energy markets and the expectation of stronger oil demand due to gas to oil switching. Hence, Brent crude increased by 1.5% to settle at $83.65 a barrel. U.S. WTI crude added 1.5% to end at $80.52 a barrel.
read more... 12/10/2021