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Daily (21.06.2023): European carbon prices soared to a two-month high on Tuesday ahead of June options contract expiry
Oil prices retreated slightly on Tuesday, despite a key interest rate cut in China designed to boost demand, as investors focused on the country's fragile economic health. Thus, WTI crude settled at $71.19 a barrel, while Brent crude ended at $75.90 a barrel.
read more... 21/06/2023
Daily (20.06.2023): European long-term power and gas prices have stabilised on Monday
On Monday, crude oil prices slipped amid increased concerns about oil demand following China's decision to reduce its benchmark lending rate. Hence, Brent crude and WTI crude decreased by 0.7% to settle at $79.09 a barrel and $71.31 a barrel, respectively.
read more... 20/06/2023
Daily (19.06.2023): Crude oil prices extended gains on Friday amid stronger demand from China
Crude oil prices extended gains on Friday amid stronger demand from China. Ahead of a long weekend in the US, WTI crude traded 1.6% higher at $71.78 a barrel. Brent crude increased by 1.2% to settle at $76.61 a barrel.
read more... 19/06/2023
Daily (15.06.2023): Oil prices fell on Wednesday amid FED decision, weak macroeconomic data from China
On Wednesday, crude oil prices inched lower as a result of Fed’s decision to leave unchanged interest rate. Furthermore, higher supply from Russia and weak macroeconomic data from China has contributed to the overall downward trend in oil prices. Hence, Brent crude dropped by 1.5% to settle at $73.20 a barrel. Meanwhile, WTI crude traded at $68.27 a barrel, declining by about 1.7% day-on-day.
read more... 15/06/2023
Daily (13.06.2023): Oil prices fell by 4% on Monday amid weak Chinese data, stronger U.S. dollar
On Monday, crude oil prices declined as a result of weak economic data from China and the possibility of interest rate hikes. Furthermore, higher supply from Russia has contributed to the overall downward trend in oil prices. Hence, Brent crude dropped by 4% to settle at $71.84 a barrel. Meanwhile, WTI crude traded at $67.12 a barrel, declining by over 4% day-on-day.
read more... 13/06/2023