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Daily (25.08.2017): Expected decline in wind and nuclear production lifts electricity prices
Oil prices dropped on Thursday as Hurricane Harvey, expected to come ashore as the strongest storm to hit the U.S. mainland in 12 years, threatened oil operations along the energy hub on the U.S. Gulf Coast. Brent crude settled down 53 cents a barrel, or 1 percent, at $52.04. Meanwhile, WTI crude price fell 2% to $47.43 a barrel.
read more... 25/08/2017
Daily (24.08.2017): Carbon prices hit new 6-month high on Wednesday
Oil prices soared on Wednesday after U.S. crude inventories dropped for the eighth straight week and as a storm approached the Gulf Coast with the potential to disrupt the production of oil and refined products. Brent crude futures settled 70 cents up to $52.57 a barrel, while U.S. West Texas Intermediate was trading at $48.41, up 58 cents.
read more... 24/08/2017
Daily (23.08.2017): Oil prices rose on forecasts of another crude stockpile drawdown in the U.S.
Oil prices edged up on Tuesday, boosted by expectations of another crude stockpile drawdown in the United States, but price gains were limited amid the reopening of Libya's biggest oil field. Brent crude ended higher by 21 cents, or 0.4 percent, at $51.87 a barrel, while U.S. crude futures settled 46 cents up at $47.83.
read more... 23/08/2017
Daily (21.08.2017): Brent price rose sharply by 3.3% on Friday due to a weaker dollar
Oil prices increased sharply on Friday, due to a weaker dollar weakened and as U.S. drillers cut rigs, feeding a rally boosted global benchmark Brent crude to a weekly gain, while U.S. crude was almost flat week-on-week.
read more... 21/08/2017
Daily (18.08.2017): European carbon prices hit €6 on Thursday to reach a new 5.5-month high
Oil prices rose on Thursday as the EIA data showed commercial U.S. crude stocks have dropped by almost 13%, being at present lower than in 2016. Traders consider that the oil market is becoming more balanced and U.S. stocks might fall below the 5-year average in next 2 months. However, increasing U.S. output has been undermining efforts by the OPEC and non-OPEC producers to drain a global fuel glut. Brent edged up by 1.5% to $51.03 a barrel, while WTI price surged by 0.66% to end at $47.09 a barrel.
read more... 18/08/2017