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Daily (01.11.2023): Oil prices fell on Tuesday as economic concerns ahead of the US interest rate decision outweighed supply risks driven by the Middle Eastern conflict
Oil prices fell on Tuesday as economic concerns ahead of the US interest rate decision outweighed supply risks driven by the Middle Eastern conflict. Thus, Brent crude remained rather stable at $87.41 per barrel, and WTI crude dropped by 1.6% to close at $81.02 per barrel.
read more... 01/11/2023
Daily (31.10.2023): European spot electricity prices skyrocketed on Monday due to falling wind output and stronger demand
Oil prices plummeted by over 3% on Monday as economic concerns ahead of the next US interest rate decision this week outweighed supply risks driven by the Middle Eastern conflict. Thus, Brent crude settled at $87.45 a barrel, while WTI crude stood at $82.31 a barrel.
read more... 31/10/2023
Daily (30.10.2023): Oil prices jumped by 3% on Friday due to escalation of geopolitical tensions in the Middle East
Oil prices posted a significant 3% surge on Friday due to the U.S. strikes in Syria targeting sites connected to Iran. These strikes raised concerns about an escalation in Middle East geopolitical tensions, potentially leading to disruptions in oil supply in the region. Consequently, Brent crude settled at $90.48 per barrel, and WTI crude closed at $85.54 per barrel.
read more... 30/10/2023
Daily (27.10.2023): Oil prices declined by over 2% on Thursday as ECB holds interest rates, dampening global demand outlook
Oil prices declined sharply by over 2 % on Thursday, with the outlook for oil demand being negatively impacted by the European Central Bank's (ECB) decision to keep interest rates unchanged, highlighting vulnerabilities in the global economy. As a result, Brent crude settled at $87.93 per barrel, while WTI crude stood at $83.21 per barrel.
read more... 27/10/2023
Daily (26.10.2023): Oil prices rebounded by about 2% on Wednesday, boosted by the situation in the Middle East and the release of US crude inventories
Oil prices rebounded on Wednesday following several sessions of decline, boosted by news on the situation in the Middle East and the release of US crude inventories. As a result, Brent crude settled 2.3% higher at $90.13 per barrel, while WTI crude ended at $85.39 per barrel, up 2% day-on-day.
read more... 26/10/2023