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Daily (18.01.2023): Oil prices rebounded to their highest level in two weeks on Tuesday on the prospect of increased demand in China
Oil prices rebounded to their highest level in two weeks on Tuesday on the prospect of increased demand in China as the world's top oil importer's economy gradually recovers despite rising infections. Thus, Brent crude oil rose by $1.46, or 1.7 percent, to $85.92 a barrel. U.S. WTI crude oil settled at $80.18 a barrel, gaining $1.11, or 1.4 % on a daily basis.
read more... 18/01/2023
Daily (17.01.2023): German and French Cal24 electricity prices fell by 10% on Monday in response to the rapid price falls across the fuel market
Oil prices drifted lower for the first time in eight sessions on Monday, with China announcing 60,000 Covid-related deaths in the past month further stoking demand concerns. Hence, Brent crude declined by 82 cents, or 1% at $84.46 a barrel. U.S.WTI crude eased by 1.3% to $78.85 a barrel.
read more... 17/01/2023
Daily (13.01.2023): Oil prices rose by over 1% on Thursday amid positive US key figures on inflation, demand optimism
Crude oil prices continued to gain ground on Thursday, driven by hopes of rising demand in China and the prospect of softening inflationary pressures. Figures showing U.S consumer prices unexpectedly fell in December lent further support. Hence, Brent crude rose by $1.36, or 1.7%, to settle at $84.03 a barrel. U.S. WTI crude settled at $78.39 a barrel, gaining 98 cents, or 1.3% day-on-day.
read more... 13/01/2023
Daily (10.01.2023): European gas and power prices moved upwards on Monday amid colder weather forecast
Crude oil prices moved upwards on Monday as China's decision to lift COVID-19 restrictions raised hopes for a rebound in economic activity in the world's second largest oil consumer. Brent crude rose by $1.08, or 1.4%, to settle at $79.65 a barrel. U.S. West Texas Intermediate crude added 86 cents, or 1.2%, to $74.63.
read more... 10/01/2023
Daily (09.01.2023): European carbon prices fell on Friday amid temperatures above sesonal norm
Crude oil prices diverged on Friday, as the market still digesting a declining US dollar and mixed US data jobs. Consequently, Brent crude edged 0.1% lower at $78.57 a barrel. Meanwhile, WTI crude ended 0.1% higher at $73.77 a barrel amid increasing demand from China.
read more... 09/01/2023