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Daily (16.01.2024): European carbon prices rebounded by 2% on Monday following a successful first auction of the year
Oil prices remained rather steady to bearish on Monday as the geopolitical risk premium eased amid the absence of tangible supply disruptions in the Middle East, with the market focusing on signs of weaker demand. Consequently, Brent and WTI crude edged lower to settle at $78.15 and $72.45 per barrel respectively.
read more... 16/01/2024
Daily (15.01.2024): Gas prices rose on Friday due to supply disruption concerns
Oil prices extended gains on Friday amid escalating geopolitical risk in the Middle East. As a result, Brent and WTI crude rose by 1% to close at $78.29 and $72.68 per barrel respectively.
read more... 15/01/2024
Daily (12.01.2024): Carbon prices plunged to a three-week low on Thursday amid profit taking and bearish gas prices
Oil prices rose slightly on Thursday as tensions in the Red Sea outweighed rising stocks in the US. Consequently, Brent crude closed at $77.41, while WTI crude settled at $72.02 per barrel, both contracts rising by about 1%.
read more... 12/01/2024
Daily (11.01.2024): European carbon prices declined by around 3% on Wednesday amid bearish sentiment and notable increase in short positions
Oil prices fell by 1% on Wednesday due to a surprising rise in US crude inventories, causing concerns about the supply-demand balance. According to the report, US commercial crude inventories increased by 1.3 million barrels in the week ending January 5. As a result, Brent crude settled at $76.80, while WTI crude closed at $71.37 per barrel.
read more... 11/01/2024
Daily (10.01.2024): Crude oil prices rebounded by over 2% on Tuesday amid ongoing turmoil in the Middle East
Oil prices rebounded by 2% on Tuesday after a significant drop the previous day. The market's attention was focused on concerns over global crude supplies due to the shutdown of a major Libyan field and tensions in the Red Sea. Thus, Brent crude stood at $77.59, while WTI crude settled at $72.24 per barrel.
read more... 10/01/2024