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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
Daily (11.10.2021): European carbon prices lost over 3% on Friday, pressured by trading volatility and upcoming free allocations
Crude oil prices ended higher on Friday, lifted by a slightly weaker US dollar, as well as increased demand coupled with limited production. Hence, Brent oil edged 0.5% up at $82.39 a barrel and WTI crude rose by 1.3% to $79.35 a barrel.
read more... 11/10/2021
Daily (08.10.2021): Oil prices increased by 1.1% on Thursday, after the US commented that it will not start dipping into strategic crude reserves
Oil prices rose on Thursday, following an update from the US Department of Energy indicating that the United States would not "immediately" dip into the country's strategic reserves to cope with the increase the price of black gold. Brent oil and WTI crude both gained 1.1% to settle at $81.95 a barrel and $78.30 a barrel, respectively.
read more... 08/10/2021