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Daily (05.08.2022): Oil prices continued to fell on Thursday on economic recession fears
In response to the Bank of England's warning of a protracted recession and ahead of today's highly anticipated employment report in the US, crude oil fell on Thursday. As such Brent crude dropped by 2.8% to $94.12 a barrel, while WTI crude ended 2.3% lower at $88.54.
read more... 05/08/2022
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EDF warns of up to 3.8 GW cuts on cooling issues
French utility EDF warned on Wednesday of potential output cuts of up to 3.8 GW at its nuclear power plants Tricastin, St Alban and Golfech due to high temperatures in the Rhone and Garonne rivers.
read more... 04/08/2022
Daily (23.06.2022): Oil prices slumped to their lowest level in more than a month on Wednesday amid growing recession fears
Crude oil prices retreated to their lowest level in more than a month on Wednesday, with losses attributed to weak economic forecasts for the global economy after major central banks hiked interest rates. Hence, Brent crude fell by $2.91, or 2.5%, to settle at $111.74 a barrel. U.S. WTI crude dropped by $3.33, or 3%, to settle at $106.19 a barrel.
read more... 23/06/2022
Daily (21.06.2022): NBP spot jumped by around 10% on Monday due to reduced gas flows
Crude oil prices rose slightly on Monday, weighed by general supply concerns and the EU ban on Russian oil, but global recession fears limited the upside. Brent crude increased by 0.9% to $114.13 a barrel.
read more... 21/06/2022
Daily (20.06.2022): Oil prices fell to a four-week low on Friday amid growing fears of economic downturn
Crude oil prices fell to a four-week low on Friday, as central banks in the US, UK and Switzerland raised interest rates to combat hiking inflation, sparking fears of a global economic recession. Hence, Brent crude dropped by 5.6%, to settle at $113.12 a barrel on Friday. U.S. WTI crude slumped by 6.8%, to settle at $109.56 a barrel.
read more... 20/06/2022