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Daily (08.11.2021): Oil prices lost around 3% on Friday, as the effect from reports of countries delving into strategic reserves wore off
Oil prices recovered ground on Friday, as market participants doubted the prospects of countries, such as the US, tapping into strategic reserves to relieve prices. As a result, Brent oil strengthened by 2.7% to $82.74 a barrel and WTI crude surged by 3.1% to $81.27 a barrel.
read more... 08/11/2021
Daily (04.11.2021): Oil prices lost more than 3% on Wednesday, weighed by an increase in US crude stocks
Crude oil prices retreated on Wednesday, following news that US crude reserves had risen again on a weekly basis by a larger-than-expected amount. Hence, Brent oil decreased by 3.2% to $81.99 a barrel and WTI crude fell by 3.6% to $80.86 a barrel.
read more... 04/11/2021
Daily (29.10.2021): Gas markets lost significant ground on Thursday, following President Putin statement on higher flows from Russia in November
Oil prices extended losses on Thursday, on previous news of an increase in US crude reserves. However, the market recovered as OPEC+ announced forecasts of a larger-than-expected drop in global stocks this year. Hence, Brent oil slipped by 0.3% to $84.32 a barrel and WTI crude edged 0.2% higher at $82.81 a barrel.
read more... 29/10/2021
Daily (28.10.2021): Oil prices lost more than 2% on Wednesday, pressured by a weekly increase in US crude stocks
Crude oil prices were bearish on Wednesday, as crude reserves in the United States rose by twice as much as analysts expected. Moreover, prices fell on signs of a resumption of nuclear negotiations with Iran. Hence, Brent oil lost 2.1% at $84.58 a barrel and WTI crude dropped by 2.4% to $82.66 a barrel.
read more... 28/10/2021
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Italy urges EU to start work now on joint gas storage plan
Italy has urged the European Union to start work immediately on a plan to create a joint storage system for strategic gas reserves, Prime Minister Mario Draghi said on Friday.
read more... 25/10/2021