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Daily (01.09.2021): Oil prices ended the turbulent August with losses amid global health crisis
Crude oil prices declined on Tuesday following some sharp gains on the oil market over the last few weeks as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida. Oil has endured a turbulent August, with Brent dropping by over 4% month-on-month and WTI crude falling by 7%. Both benchmarks posted their first monthly losses since March. Hence, Brent crude slipped by 0.6% day-on-day, to settle at $72.99 a barrel. U.S. WTI crude dropped by 1% to close at $68.50 a barrel.
read more... 01/09/2021
Daily (30.08.2021): New record high above 59 EUR/t for carbon prices on Friday, supported by a strong energy complex
Oil prices climbed to a new record high for 2021 on Friday, supported by supply disruptions in the Gulf of Mexico, as well as renewed optimism over demand. Brent crude rose by 2.3% to $72.70 a barrel and WTI oil ended 2% higher at $68.74 a barrel.
read more... 30/08/2021
Daily (27.08.2021): European front-year electricity prices held close to all-time highs on Thursday amid bullish fuels and carbon
Oil prices retreated on Thursday, snapping a three-day rally amid surging COVID-19 infections and as Mexico restored some supply after a fire disruption. Hence, Brent crude fell by $1.18, or 1.6%, to settle at $71.07 a barrel. U.S. WTI crude settled down 94 cents or 1.4% at 67.42 a barrel.
read more... 27/08/2021
Daily (26.08.2021): Oil prices were bullish on Wednesday, supported by a significant drop in US crude reserves
Oil prices rose for a third session in a row on Wednesday, lifted by a higher-than-expected drop in crude reserves in the United States. As such, Brent oil increased by 1.7% to $72.25 a barrel and WTI crude gained 1.2% at $68.36 a barrel.
read more... 26/08/2021
Daily (25.08.2021): Crude oil prices rose on Tuesday amid easing demand fears
Oil prices continued to rise in yesterday’s session as China has rapidly brought local virus cases down to zero and traffic is showing signs of recovery, thus easing demand concerns. Brent crude increased by 3.4% to settle at $71.05 a barrel. At the same time, the American WTI crude ended 2.9% up at $67.54 a barrel.
read more... 25/08/2021