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Daily (04.10.2023): German spot power surged dramatically by over 200% due to reduced wind energy generation
On Tuesday, crude oil prices slightly increased from earlier lows, however, the rebound was limited by the prospect of higher interest rates and concerns over the health of the global economy. Hence, Brent crude edged 0.2% higher at $90.92 a barrel. Meanwhile, U.S. WTI crude rose by 0.5% to $89.23 a barrel.
read more... 04/10/2023
Daily (03.10.2023): Crude oil prices fell to a three-week low on Monday amid bleak economic outlook, rate hike fears
Crude oil prices dropped, to hit their lowest levels in three weeks on Monday due to concerns over the health of the global economy. Furthermore, the prospect of higher interest rates also dragged oil prices down. As a result, Brent crude slumped by 4.8% to settle at $90.71 a barrel. Meanwhile, U.S. WTI crude declined by 2.2% to $88.82 a barrel.
read more... 03/10/2023
Daily (02.10.2023): European carbon prices fell by over 1% on Friday amid limited trading activity as the third quarter approached its end
Oil prices edged down on Friday after the surge of recent weeks, dragged down by profit-taking. Thus, Brent crude stabilized at $95.31 a barrel, while WTI crude fell by 1% to end at $90.79 a barrel.
read more... 02/10/2023
Daily (29.09.2023): Forward gas prices extended losses on Thursday amid ample supply and high inventory levels
Oil prices lost ground on Thursday, driven by profit-taking after the previous day's increase. Thus, Brent crude fell by 1.2% to settle at $95.38 a barrel, while WTI crude tumbled by 2% to close at $91.71 a barrel.
read more... 29/09/2023
Daily (28.09.2023): Oil prices hit new highs amid supply constraints and significant inventory drawdown
On Wednesday, oil prices hit new highs, driven by the tightening of global oil supply and a larger-than-anticipated decrease in US crude inventories. As a result, Brent crude soared by 2.8% to settle at $96.55 a barrel, its highest levels in 10 months. Similarly, WTI crude surged by 3.6% to end at $93.68 a barrel, marking its highest level in over a year.
read more... 28/09/2023