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Daily (30.01.2024): European carbon prices plummeted to 22-month low on Monday amid speculative selling and sluggish demand
On Monday, oil prices fell on Monday as concerns about heightened tensions in the Middle East were balanced out by the liquidation of China's major real estate developer, perceived as a discouraging indication for demand. As a result, Brent crude settled 1.4% lower at $82.40, while WTI crude dropped by about 1.6% to stand at $76.78 per barrel.
read more... 30/01/2024
Daily (24.01.2024): Forward electricity prices rose by about 1% on Tuesday amid comfortable supply outlook and bearish gas prices
Oil prices edged down on Tuesday, with concerns about the health of demand outweighing possible supply disruptions. As a result, Brent crude ended at $79.55, while WTI crude settled at $74.37 per barrel, both contracts falling by about 0.6%.
read more... 24/01/2024
Daily (18.01.2024): European carbon prices hit their lowest point in over two years on Wednesday amid intense selling pressure
Oil prices ended mixed for the second session in row on Wednesday as optimistic OPEC predictions tempered worries about worldwide demand for oil. As a result, Brent crude retreated by about 1% to settle at $77.69, while WTI crude edged 0.2% higher to end at $72.56 per barrel.
read more... 18/01/2024
Daily (16.01.2024): European carbon prices rebounded by 2% on Monday following a successful first auction of the year
Oil prices remained rather steady to bearish on Monday as the geopolitical risk premium eased amid the absence of tangible supply disruptions in the Middle East, with the market focusing on signs of weaker demand. Consequently, Brent and WTI crude edged lower to settle at $78.15 and $72.45 per barrel respectively.
read more... 16/01/2024
Daily (11.01.2024): European carbon prices declined by around 3% on Wednesday amid bearish sentiment and notable increase in short positions
Oil prices fell by 1% on Wednesday due to a surprising rise in US crude inventories, causing concerns about the supply-demand balance. According to the report, US commercial crude inventories increased by 1.3 million barrels in the week ending January 5. As a result, Brent crude settled at $76.80, while WTI crude closed at $71.37 per barrel.
read more... 11/01/2024