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Daily (11.08.2021): European day-ahead electricity prices hovered at around 100 EUR/MWh on Tuesday amid halving wind, spiralling gas prices, strong demand
Oil prices moved cautiously higher on Tuesday, recouping some of their losses in the previous session, as rising demand in Europe and the United States offset concerns over an increase in COVID cases in Asian countries. Hence, Brent crude rose by $1.59, or 2.3%, to settle at $70.63 a barrel. U.S. WTI crude settled $1.81, or 2.7%, higher at $68.29 per barrel. Both contracts dropped by around 2.5% on Monday, but analysts believe the pandemic turbulence will be short-lived.
read more... 11/08/2021
Daily (10.08.2021): Crude oil prices slumped to a three-week low on Monday amid new coronavirus restrictions in Asia
Crude oil prices slid to a three-week low on Monday as the new pandemic measures in Asia, especially China, the world-second largest oil consumer and largest crude importer, prompted fears of a demand slowdown. Hence, Brent crude fell by $1.66, or 2.4%, to settle at $69.04 a barrel. U.S. WTI crude shed by $1.80, or 2.6%, to settle at $66.48. Both benchmarks posted their lowest close since July 19.
read more... 10/08/2021
Daily (09.08.2021): Oil prices lost ground on Friday, weighed by coronavirus and demand worries
Crude oil prices retreated on Friday, pressured by the spread of the Delta variant of Covid-19 and concerns over demand for black gold. Consequently, Brent oil lost 0.8% to end at $70.70 a barrel and WTI crude fell by 1.2% to $68.28 a barrel.
read more... 09/08/2021
Daily (06.08.2021): EUAs climbed to a new four-week high on Thursday in tandem with bullish gas
Oil prices moved upwards, snapping a three-day losing streak on Thursday amid increasing Middle East tensions. However, news restrictions to counter the spread of the Delta variant limited gains. Hence, Brent crude rose by 91 cents, or 1.3%, to settle at $71.29 a barrel. U.S. WTI crude rose by 94 cents, or 1.4%, to settle at $69.09 a barrel.
read more... 06/08/2021
Daily (05.08.2021): Carbon EUAs gained 2.3% on Wednesday, lifted by bullish auction results
Oil prices fell on Wednesday, weighed by concerns over demand as crude reserves rose unexpectedly in the US. Consequently, Brent oil price dropped by 2.8% to $70.38 a barrel and WTI crude plunged by 3.4% to $68.15 a barrel.
read more... 05/08/2021