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Daily (01.09.2017): European carbon prices dropped by 1.3% on Tuesday, below €6 level
Oil prices rose slightly on Thursday, contrary to the expectations of the OPEC, as oil traders focused more on Hurricane Harvey’s hit on oil demand than the impact of supply disruptions. For some veteran OPEC officials, Hurricane Harvey’s impact on global oil markets was quite strange, as the storm has led to some of the biggest disruptions to U.S. energy infrastructure, but failed to boost strongly the crude prices. Brent crude ended $1.52, or almost 3% up at $52.38, while the WTI price grew by 2.76% at $47.23 a barrel.
read more... 01/09/2017
Daily (31.08.2017): Brent fell 2.2% on Wednesday, due to a lower demand for crude
Oil prices dropped on Wednesday as flooding from Tropical Storm Harvey knocked out approximately a quarter of U.S. refineries, leading to a decline in demand for crude. Brent crude ended $1.14, or 2.2%, down at $50.86. Meanwhile, WTI price decreased by 1.1% to $45.96 a barrel.
read more... 31/08/2017
Daily (30.08.2017): European carbon prices fell by 1% on Tuesday due to a weak auction
Oil prices rose on Tuesday as the inventories have been drawing at a remarkable pace over the past few weeks and months and the remnants of Hurricane Harvey continues to ravage Houston, the energy capital of the U.S. Brent crude increased by 0.21% to settle at $52.00, while the WTI price ended down by 0.17% at $46.49 a barrel.
read more... 30/08/2017
Daily (29.08.2017): Gasoline prices boosted by Hurricane Harvey, but crude oil prices lower
Oil prices fell on Monday as diminished oil supply was offset by the refinery shutdowns due to Hurricane Harvey. Traders expect refineries demanding less oil as they take weeks to come back on line. Brent crude, on the other hand, stayed stronger as the U.S. will demand product from Europe as well as due to some shut down of Libyan oil production over the weekend. Brent crude closed 1% down at $51.89, while WTI price lost 2.71% to end at $46.57 a barrel.
read more... 29/08/2017
Daily (28.08.2017): Oil prices rose on Friday as the US are heavily hit by Hurricane Harvey
Oil prices rose on Friday, as the U.S. dollar weakened and the U.S. Gulf Coast is being hit by Hurricane Harvey, likely to become the biggest storm to affect United States mainland in more than a decade. Refineries, terminals, onshore and offshore production operations and other infrastructure have been shut down or begun storm preparations. Brent crude edged up by 0.71% to $52.41 a barrel, while WTI price surged by almost 1% to end at $47.87 a barrel.
read more... 28/08/2017