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Daily (24.08.2021): Crude oil prices rebounded on Monday due to a weaker dollar
Oil prices strongly rebounded on Monday amid signs of improving situation in China. In addition, a weaker American dollar also provided some support to the crude markets. Despite demand concerns due to rising cases of the Delta variant, Brent oil soared by 5.5% to settle at $68.75 a barrel. The American WTI crude gained 5.6% at $65.64 a barrel.
read more... 24/08/2021
Daily (23.08.2021): Oil prices lost around 2% on Friday, on concerns over Covid-19 and demand for black gold
Crude oil prices decreased on Friday, weighed by a stronger US dollar and concerns over demand for black gold amid the spreading pandemic. Brent oil fell by 1.9% to $65.18 a barrel and WTI crude slumped by 2.4% to $62.14 a barrel.
read more... 23/08/2021
Daily (20.08.2021): The German and French spot power prices traded above 100 EUR/MWh due to forecasts for weaker wind generation
Concerns about demand due to the global spread of the Delta variant and a stronger dollar sent crude oil prices to their lowest levels since May. The Federal Reserve’s plans to pull back the pace of their monthly bond purchases strengthened the greenback, pressuring commodities markets on Thursday. As such, Brent oil tumbled by $1.78 or 2.6% to settle at $66.45 a barrel. The American WTI crude dropped by $1.77 or 2.7% to end at $63.69 a barrel.
read more... 20/08/2021
Daily (19.08.2021): Oil prices lost more than 1% on Wednesday, following an increase in US gasoline stocks
Crude oil prices weakened on Wednesday, weighed by an increase in US weekly gasoline stocks, as indicated by the EIA. Despite a decline in US crude reserves, Brent oil fell by 1.2% to $68.23 a barrel and WTI crude ended 1.7% lower at $65.46 a barrel.
read more... 19/08/2021
Daily (18.08.2021): Oil prices declined for the fourth day in a row on Tuesday, pressured by concerns over demand for black gold
Crude oil prices decreased slightly on Tuesday, on persisting concerns over Chinese demand amid weak economic data. Thus, Brent oil edged 0.7% down at $69.03 a barrel and WTI crude lost 1% to $66.59 a barrel.
read more... 18/08/2021