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Daily (08.02.2021): European carbon prices gained 2.5% on Friday, reaching another record-high
Oil prices edged higher on Friday, as OPEC members maintained optimism regarding recovery of global demand for black gold, at the same time continuing to enforce supply control policies. As a result, Brent crude increased by 0.9% to $59.34 a barrel, and WTI oil closed 1.1% higher at $56.85 a barrel.
read more... 08/02/2021
Daily (05.02.2021): Oil prices extend gains, to hit their highest levels in a year amid OPEC commitment to curb supply
Oil prices rose on Thursday, to settle at their highest levels in over a year, propelled by OPEC+ commitment to restraint global supplies and falling U.S. inventories. However, the continued strengthening of the US dollar limited gains. Hence, Brent crude rose by 38 cents, or 0.7%, to settle at $58.84 a barrel. U.S. WTI crude increased by 54 cents, or 1%, to end at $56.23 a barrel.
read more... 05/02/2021
Daily (04.02.2021): Carbon prices soared by 7% on Wednesday amid strong auction results
Oil prices continued to push towards one-year highs on Wednesday, as the EIA weekly report showed a drop in US crude stocks. At the same time, the conclusion of the monthly OPEC+ summit lent additional support to prices. As such, Brent and WTI crude closed 1.7% higher at $58.46 and $55.69 a barrel respectively.
read more... 04/02/2021
Daily (03.02.2021): Oil prices soared by about 2% on Tuesday to hit their highest levels in over a year
Crude oil prices rallied on Tuesday to hit the highest settlement in over a year as OPEC+ group, which will meet later this week to review the oil market, is expected to reduce production. Hopes that the U.S. Congress will adopt the long-awaited $1.9 trillion economic stimulus package were supporting the U.S. crude benchmark. Hence, Brent crude rose $1.11, or 2%, to end the session at $57.46 a barrel. U.S. WTI crude soared by $1.21, or 2.3%, to settle at $54.76 a barrel.
read more... 03/02/2021
Daily (26.01.2021): British gas prices tumbled on Monday amid milder weather, weaker energy complex in Europe
Crude oil prices increased on Monday to hit their highest level in a week, with investors weighing the impact of supply curbs from Iraq and Libya on the near-term outlook against coronavirus lockdowns. Iraq is pledging to curb output in January and February after pumping more than its OPEC+ quota last year, while Libyan guards halted some crude exports after a pay dispute. Hence, Brent crude rose by 47 cents, or 0.9%, to settle at $55.88 a barrel. Meanwhile, U.S. WTI crude added 50 cents, or 1%, to end at $52.77 per barrel.
read more... 26/01/2021