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Daily (29.09.2021): Carbon prices wiped out previous gains on Tuesday to post the biggest loss in five weeks amid profit-taking
Crude oil prices took a breather on Tuesday after five straight positive sessions, but remain strong amid rebounding demand as supply remains tight. Hence, Brent crude lost 44 cents, or 0.6%, to $79.09 a barrel, after reaching its highest level since October 2018 at $80.75. U.S. WTI crude slipped by 16 cents, or 0.2%, to close at $75.29 a barrel, after hitting a session high of $76.67, highest since July.
read more... 29/09/2021
Daily (28.09.2021): German and French Cal’22 power contracts spiraled by 6% on Monday amid bullish gas and coal prices
Oil prices continued to climb on Monday, with Brent approaching $80 a barrel as the market remains focused on the increase in demand amid the coronavirus recovery and the tight supply from the US following the recent hurricane which limited production in the Mexican Gulf. Hence, Brent crude soared by $1.44, or 1.8%, to settle at $79.53 a barrel, having posted three straight weeks of gains. U.S. WTI crude rose by $1.47, or 2%, to settle at $75.45 a barrel, its highest level since July, after rising for a fifth straight week.
read more... 28/09/2021
Daily (27.09.2021): European carbon prices surged by 4% on Friday, reaching a new record-high amid stronger market trading activity
Crude oil prices increased on Friday, supported by tight supply, most notably in the US after the hurricane last month, as well as by stronger demand for black gold. As a result, Brent oil gained 1.1% at $78.09 a barrel and WTI crude rose by 0.9% to $73.98 a barrel.
read more... 27/09/2021
Daily (24.09.2021): Oil prices increased on Thursday, with Brent hitting a 2-month high amid tight supply
Crude oil prices extended gains on Thursday, with Brent crude hitting its highest level in more than two months. The increase was attributed to the growing fuel demand as offshore crude production continued to see a slow recovery in the Gulf of Mexico in the wake of Hurricane Ida and a draw in U.S. crude inventories. Hence, Brent crude rose by $1.06, or 1.4%, to settle at $77.25 a barrel, its highest price since mid-July. U.S. WTI crude rose by $1.07, or 1.5%, to $73.30 a barrel.
read more... 24/09/2021
Daily (23.09.2021): Oil prices gained 2.5% on Wednesday, supported by declining crude inventories in the United States
Oil prices strengthened on Wednesday, following the US Energy Information Administration’s weekly report showing a decline in crude stocks caused by the recent hurricanes. As such, Brent oil and WTI crude both rose by 2.5% to $76.19 and $72.23 a barrel, respectively.
read more... 23/09/2021