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Daily (19.04.2022): Oil prices increased over 1% on Monday amid outages in Libya
Oil prices climbed on Monday amid an oil field shutdown in Libya, increasing concerns over tight global supply amid the Ukraine crisis. Hence, Brent crude rose by $1.46, or 1.3%, to settle at $113.16 a barrel. U.S WTI crude rose $1.26, or 1.2%, to settle at $108.21 a barrel.
read more... 19/04/2022
Daily (15.04.2022): Oil prices soared by about 2.5% on Thursday as EU mulls a ban on Russian oil imports
Crude oil prices extended gains on Thursday as traders considered the possibility of a European Union ban on imports of Russian oil. Hence, Brent crude soared by $2.92, or 2.68%, to settle at $111.70 a barrel. U.S. WTI crude closed $2.70 or 2.59% higher at $106.95 a barrel.
read more... 15/04/2022
Daily (14.04.2022): British gas prices moved upwards on Wednesday amid Putin declarations that negotiations with Ukraine had reached an impasse
Crude oil prices extended their rally on Wednesday after Russian president Vladimir Putin said his country’s invasion of Ukraine was “going to plan”, raising the spectre of supply disruptions from the world’s number two exporter. Hence, Brent crude soared by $4.1, or 4%, to settle at $108.78 a barrel. U.S. WTI crude futures ended up $3.6, or 3.7%, to $104.25.
read more... 14/04/2022
Daily (13.04.2022): Oil prices surged over 6% on Tuesday as Opec is cautious about replacing Russian supply
Crude oil prices rebounded sharply on Tuesday following Opec’s declaration that it would not boost output to levels good enough to replace Russian oil supply. Easing lockdown measures in Shanghai lent further support. Hence, Brent crude surged by 6.3% to settle at $104.64 a barrel. U.S. WTI crude settled 6.7% higher at $100.60 per barrel. Both contracts lost about 4% on Monday.
read more... 13/04/2022
Daily (12.04.2022): Brent crude fell below $100 a barrel on Monday amid Covid outbreak in China
Crude oil prices fell on Monday, with Brent slipping below $100 a barrel as the Covid outbreak reached record levels in China, raising concerns about oil demand. Hence, Brent crude dropped by $4.30, or 4.2%, to settle at $98.48 a barrel, its lowest close since March 16. WTI crude fell by $3.97, or 4.0%, to settle at $94.29 a barrel.
read more... 12/04/2022