Crude oil prices rose slightly yesterday, with markets feeling uncertain due to worries about the potential escalation of a broader conflict in the Middle East after the deadly blast at Gaza hospital. As a result, Brent crude edged 0.3% higher at $89.90 a barrel. Meanwhile, U.S. WTI crude remained unchanged at $86.66 a barrel.
read more... 18/10/2023
Portugal's electricity market regulator ERSE has approved a 1.9% increase in regulated tariffs that affect about a million households and businesses and indirectly influence prices practiced by utilities, from January, it said on Tuesday.
read more... 18/10/2023
Crude oil prices dropped yesterday amid diplomatic efforts to deescalate the Israel-Hamas conflict, while US is pursuing a deal that would ease some sanctions on Venezuelan crude sales. Nonetheless, market volatility persists in the wake of rumors about potential new sanctions on Iranian oil. As a result, Brent crude traded 1.4% lower at $89.65 a barrel. Meanwhile, U.S. WTI crude fell by 1.2% to end at $86.66 a barrel.
read more... 17/10/2023
Oil prices soared by around 6%on Friday, spurred by fears of an extension of the Middle East conflict. As a result, Brent crude settled at $90.89 per barrel. On the other hand, WTI crude ended at $87.69 per barrel.
read more... 16/10/2023
Oil prices ended mixed on Thursday, with WTI crude weighed down by a surprise and massive rise in US crude inventories, which has raised fears about global oil demand. US Commercial crude inventories surged by 10.2 million barrels last week. As a result, WTI crude ended at $82.91 per barrel, down 0.7% day-on-day. On the other hand, Brent crude moved sideways at $86.00 per barrel.
read more... 13/10/2023