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Daily (29.11.2023): Oil prices rebounded on Tuesday amid a tense and volatile market ahead of OPEC and its allies meeting
Oil prices experienced a rebound on Tuesday in a tense and volatile market, filled with numerous rumors ahead of the meeting of the OPEC and its allies on Thursday. As a result, Brent crude settled at $81.68 per barrel, while WTI crude stood at $76.41 per barrel, both contracts increasing by over 2% day-on-day.
read more... 29/11/2023
Daily (28.11.2023): Forward gas prices posted a 5% decline on Monday amid abundant supply
Oil prices ended the day lower on Monday, with the market doubting the ability of OPEC and its allies to curb the falling prices. Hence, Brent crude settled at $79.98 per barrel, while WTI crude stood at $74.86 per barrel, both contracts down by 1% day-on-day.
read more... 28/11/2023
Daily (27.11.2023): Oil prices declined by 1% on Friday amid market’s waning confidence in OPEC's production quota adjustments
On Friday, oil prices declined by more than 1% in a thinly traded market where confidence in a substantial adjustment to production quotas by OPEC and its allies has diminished. Consequently, Brent crude settled at $80.58 per barrel, while WTI crude ended at $75.54 per barrel.
read more... 27/11/2023
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Daily (24.11.2023): Carbon and gas prices were strongly bullish on Thursday amid colder weather forecasts
Oil prices continued to decline on Thursday, weighed by the postponement of the OPEC+ alliance meeting, fueling rumors of discord between its members and casting doubt on whether Saudi Arabia will maintain its voluntary production cuts. Thus, Brent crude edged 0.7% down at $81.42 per barrel, while WTI crude settled 1% lower at $76.40 per barrel.
read more... 24/11/2023
Britons face higher energy bills after Ofgem raises price cap
Most British households will face higher energy bills from January after regulator Ofgem increased its price cap by 5% to reflect a rise in wholesale energy prices.
read more... 24/11/2023