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Daily (18.03.2020): Oil prices plummeted below $30 a barrel to reach the lowest level since 2016

Crude oil futures extended losses on Tuesday, falling to the lowest level since 2016 as the coronavirus pandemic threatens to bring the global economy to a deadlock, denting the fuel demand at a time when crude supply is flooding the market. Brent crude fell by $1.32, or 4.4% to settle at $28.73 a barrel on ICE London. U.S. WTI crude plunged by $1.75, or 6% to end at $26.95 a barrel on NYMEX.

read more... 18/03/2020

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CO2 breaches EUR 19 per tonne to hit 15-month low

European carbon prices tumbled below EUR 19/t on Tuesday – hitting a 15-month low – after the EEX cancelled its daily auction of EUAs amid a lack of bids.

read more... 18/03/2020

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Daily (17.03.2020): The EUAs below the €20-mark for the first time in over a year due to a sell-off in financial markets

Crude oil futures decreased sharply on Monday as the coronavirus pandemic continued to play havoc across the energy complex, forcing countries to go into lockdown. Furthermore, top oil producers announced their intention to flood the black gold markets after their ally, Russia, refused on March 6 to further limit the oil production to prop up prices.

read more... 17/03/2020

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Daily (16.03.2019): Brent oil traded near 2% higher on Friday, as U.S commits to support weakening economies affected by coronavirus

Crude oil prices recovered on Friday, as the United States and other nations signaled plans to support weakening economies. Brent crude traded 1.9% higher at $33.85 a barrel. In the same context, WTI futures rose by 0.7% to $33.85 a barrel. However, crude prices posted their worst week since the 2008 global financial crisis after the coronavirus epidemics weighed on the global economy. Furthermore, Saudi Arabia and Russia initiated an oil price war.

read more... 16/03/2020

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Daily (12.03.2020): British gas prices mostly bullish due to a stronger consumption, lower LNG send-out

Crude oil futures fell on Wednesday as Saudi Arabia and the United Arab Emirates have announced their intention to drastically increase their production of black gold at a time when demand is weakened by the spread of the coronavirus worldwide. Meanwhile, the World Health Organization declared the coronavirus an international pandemic.

read more... 12/03/2020

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