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Daily (22.02.2019): Carbon prices plummeted by over 8% due to bearish concerns
Oil prices edged slightly down on Thursday after EIA reported a record level of U.S. crude oil inventories and crude exports since the start of 2018, amid ongoing concerns about slower global economic growth. However, the losses were limited by OPEC’s output cuts, U.S. sanctions on Venezuelan and Iranian oil imports, as well as the advancing U.S.-China trade talks. Brent oil almost steadied at $67.07 a barrel, while WTI crude was 0.4% down at $56.96 a barrel.
read more... 22/02/2019
Daily (19.02.2019): EU carbon prices declined by 2% on Monday, tracking bearish gas markets
Supply cuts led by the OPEC and Russia have boosted oil prices on Monday. However, gains were limited by the announcement of weak car sales data in China. Brent crude edged 0.4% higher at 66.50 USD/bbl, whereas WTI futures rose by 0.9% to 56.06 USD/bbl
read more... 19/02/2019
Daily (15.02.2019): EU carbon prices slumped by around 6% to hit again a 2-month low on Thursday
Oil prices surged on Thursday, backed by OPEC-led supply cuts and expectations for a potential end to the U.S.-China trade talks. Brent oil extended a three-day winning streak, posting a 1.5% daily gain to settle at $64.57 a barrel. WTI crude rose less, by nearly 1% to $54.41 a barrel, as gains were limited by the lowest U.S. retail spending data since 2009 which raised worries over slower global economic growth.
read more... 15/02/2019
Daily (13.02.2019): EU carbon prices fell by over 7% to hit a new 2019 low
Oil prices reversed trend to hike on Tuesday, stimulated by the steep OPEC supply cuts, led by Saudi Arabia’s biggest drop in pumping activity. Brent oil traded 1.5% higher at $62.42 a barrel, while WTI crude increased by 1.3% to $53.10 a barrel.
read more... 13/02/2019
Daily (12.02.2019): European power prices for 2020 delivery tumbled on Monday tracking weaker coal and carbon markets
Uncertainty about the restart of the trade talks between U.S. and China outweighed the support from OPEC-led supply cuts on Monday. A strengthening dollar put more pressure on prices. Consequently, oil prices retreated, with Brent oil trading nearly 1% down at $61.51 a barrel. WTI futures edged 0.6% lower at $52.41 a barrel.
read more... 12/02/2019