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Daily (08.11.2023): European carbon prices hit their lowest level in over a year due to substantial selling pressure
On Tuesday, oil prices extended their losses, primarily due to a negative indicator regarding Chinese exports. This development failed to inspire optimism among investors concerning the growth of the world's largest crude importer, China. As a result, both contracts plunged by over 4%. Brent crude settled at $81.61 per barrel, while WTI crude ended at $77.37 per barrel.
read more... 08/11/2023
Daily (07.11.2023): European spot electricity prices skyrocketed by over 300% on Monday amid declining wind generation and a drop of French nuclear availability
Oil prices recovered slightly on Monday, after Saudi Arabia and Russia reaffirmed their crude production and export cuts until the end of the year. Consequently, Brent crude closed at $85.18 per barrel, and WTI crude ended at $80.82 per barrel.
read more... 07/11/2023
Daily (06.11.2023): European spot electricity prices plunged by 50% on Friday amid mild weather forecasts and stronger wind generation
Oil prices fell by 2.3% on Friday on easing supply disruption fears due to Middle East tensions. Consequently, Brent crude settled at $84.89 per barrel, and WTI crude closed at $80.51 per barrel.
read more... 06/11/2023
Daily (03.11.2023): Oil prices rose by over 2.5% on Thursday following the Fed and BoE interest rate decisions
Oil prices saw an increase on Thursday as market sentiment shifted positively after both the Federal Reserve and the Bank of England chose to halt their interest rate hikes. Consequently, Brent crude climbed by 2.6% to settle at $86.85 a barrel, while WTI crude increased by 2.5% to end at $82.46 a barrel.
read more... 03/11/2023
Daily (02.11.2023): Oil prices retreated on Wednesday after Fed leaves rates steady
Oil prices retreated on Wednesday after the release of the weekly US inventory figures and the Fed meeting. The central bank announced an extension of its pause in interest rate hikes. As a result, Brent crude tumbled by 3.2% to settle at $84.63 per barrel, while WTI crude ended at $80.44 per barrel, down about 1% day-on-day.
read more... 02/11/2023