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Daily (06.09.2023): Oil prices hiked above $90 per barrel after Saudi Arabia and Russia extended their supply curbs until December 2023
Crude oil prices increased on Tuesday amid announcement that Saudi Arabia and Russia will extend production cuts until December 2023. Stronger manufacturing data from China lent further support on price. Hence, Brent crude traded around 1% higher at $90.04 a barrel. Meanwhile, U.S. WTI crude rose by 0.9% to end at $86.69 a barrel.
read more... 06/09/2023
Daily (04.09.2023): Oil prices surged to their highest levels since the beginning of the year, driven by a rebound in global demand and a tighter supply
On Friday, oil prices surged to their highest levels since January, driven by a rebound in global demand and tighter supply conditions. As a result, Brent crude climbed by about 2% to settle at $88.55 a barrel, while WTI crude soared by 2.3% at $85.55 a barrel.
read more... 04/09/2023
Daily (31.08.2023): Carbon prices added almost 2% gain on stronger Polish auction
Crude oil prices had another daily rise on Wednesday driven by supply tightening concerns, as OPEC members need to decide on further potential output cuts in September. Hence, Brent crude rose by 0.4% to settle at $85.86 a barrel.
read more... 31/08/2023
Daily (30.08.2023): Crude oil prices rose by over 1% on Tuesday amid weaker dollar and concerns over energy supply
On Tuesday, crude oil prices moved upwards on weaker dollar and worries about the possible effects on energy supply and demand due to Hurricane Idalia, which is expected to hit Florida this week. Hence, Brent crude and WTI crude edged 1.3% higher to settle at $85.49 a barrel and $81.16 a barrel, respectively.
read more... 30/08/2023
Daily (28.08.2023): Supply concerns and stronger dollar pushed oil prices higher on Friday, despite gloomy global economic outlook
Oil prices edged up on Friday as supply concerns and a stronger dollar outweighed the worsening global economic outlook. Thus, Brent crude rose by 1.3% to settle at $84.48 a barrel, while WTI crude gained about 1% at $79.83 a barrel.
read more... 28/08/2023