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Daily (04.05.2023): European carbon prices fell to their lowest in more than 3 months on Wednesday following the EC's announcement
Crude oil prices tumbled to a six-week low Wednesday after the US Federal Reserve raised interest rates and investors worried about oil prices. Hence, Brent crude plunged by 4% to settle at $72.33 a barrel. WTI crude plummeted by more than 4.3% to $68.60 a barrel.
read more... 04/05/2023
Daily (28.04.2023): European carbon prices finally broke their six-day losing streak on Thursday, spurred by a strong auction
Oil prices saw a slight rebound following the sharp decline on Wednesday as investors eagerly anticipated the release of first-quarter growth figures for the United States, the world's largest consume. Brent crude saw a 1% increase day-on-day, ending at $78.37, while WTI crude rose by 0.6% to settle at $74.76 a barrel.
read more... 28/04/2023
EU seals carbon market reform to speed cuts in greenhouse gases
The world’s first major carbon trading system has since 2005 forced power plants and factories to buy permits when they emit CO2, and has cut emissions from those sectors by 43%.
read more... 27/04/2023
Daily (26.04.2023): European carbon prices fell to a 3-month low on Tuesday amid continued selling pressure
Oil prices tumbled to their lowest level since late March before the announcement of a production cut by OPEC+. As a result, Brent and WTI crude declined by more than 2% day-on-day, to settle at $80.77 and $77.07 a barrel respectively as risk appetite has affected the market.
read more... 26/04/2023
Daily (24.04.2023): European carbon prices fell on Friday amid a lower-than-usual demand as the deadline for surrendering carbon allowances approached
Oil prices gained rose on Friday, trading 0.6% higher, due to a technical rebound after two sessions of sharp declines. However, gains were capped as the market remains anxious about the global demand. Brent crude settled at $81.66 a barrel and WTI crude ended at $77.87 a barrel.
read more... 24/04/2023