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Daily (22.09.2017): EU carbon contracts settled 5% down on lower electricity prices

Oil prices were mixed on Thursday as the market waited to see if the biggest oil producers would deepen supply reductions beyond March at a reunion in Vienna. Brent crude futures closed 0.25% up at $56.43 a barrel. Meanwhile, WTI crude futures ended 0.3% down at $50.55 per barrel.

read more... 22/09/2017

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Daily (20.09.2017): WTI crude price dipped to $49.48 a barrel on increased U.S. shale production

Oil markets dipped on Tuesday, influenced by increasing U.S. shale production and worries that another hurricane hitting the Caribbean could affect refineries and disrupt delivery to and from the United States.

read more... 20/09/2017

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Daily (05.09.2017): Brent price down by 0.8% on Monday, while WTI crude up amid reviving U.S. refineries

Brent price fell on Monday, after North Korea detonated a hydrogen bomb sparking a powerful 6.3 magnitude earthquake, 'escalating' nuclear crisis. This triggered a shift away from crude markets to assets perceived to be safer, such as gold. Brent crude edged $0.41, or 0.78% lower at $52.34. Meanwhile, the WTI had an opposite trend, growing by 0.23% to settle at $47.40 a barrel, as U.S. refineries that use crude to make fuel were gradually starting up again, along with the pipelines transporting products. This is a potentially bullish development for the WTI crude oil.

read more... 05/09/2017

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Daily (04.09.2017): European carbon prices dropped by 1.8% on Friday, registering a 4.2% weekly loss

Oil prices rose on Friday, supported by a decline in the U.S. crude oil stocks last week, as refineries raised output with the approach of Harvey. Natural disasters are generally negative over the medium-term due to demand destruction, but in the short term the market reacts to the shortage of supply. Brent crude edged 0.7% up to settle at $52.75, while the WTI price grew by 0.13% at $47.29 a barrel.

read more... 04/09/2017

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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

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