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Daily (10.10.2023): British gas prices turned bullish on Monday amid supply concerns over potential Australia LNG strikes and tension in the Middle East

On Monday, crude oil prices increased amid rising geopolitical risk in the Middle East. Hence, Brent crude surged by 4.2% to end at $88.15 a barrel. Meanwhile, U.S. WTI crude soared by 4.3% to $86.38 a barrel.

read more... 10/10/2023

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Daily (29.09.2023): Forward gas prices extended losses on Thursday amid ample supply and high inventory levels

Oil prices lost ground on Thursday, driven by profit-taking after the previous day's increase. Thus, Brent crude fell by 1.2% to settle at $95.38 a barrel, while WTI crude tumbled by 2% to close at $91.71 a barrel.

read more... 29/09/2023

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Daily (28.09.2023): Oil prices hit new highs amid supply constraints and significant inventory drawdown

On Wednesday, oil prices hit new highs, driven by the tightening of global oil supply and a larger-than-anticipated decrease in US crude inventories. As a result, Brent crude soared by 2.8% to settle at $96.55 a barrel, its highest levels in 10 months. Similarly, WTI crude surged by 3.6% to end at $93.68 a barrel, marking its highest level in over a year.

read more... 28/09/2023

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Daily (27.09.2023): British gas prices turned bearish on Tuesday amid healthy supply and milder weather forecasts

Crude oil prices continued the slightly but steady rise on Tuesday due to concerns regarding supply-demand crunch. However, macroeconomic fears have limited the upward trend. As a result, Brent crude traded 0.7% higher at $93.96 a barrel. Meanwhile, U.S. WTI crude rose by 0.8% to $90.39 a barrel.

read more... 27/09/2023

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Egyptian solar and wind to boost Britain’s energy supply

Britain will reportedly import electricity generated by solar and wind farms located in the sun-soaked landscapes of Egypt.

read more... 25/09/2023

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