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Daily (07.05.2024): Carbon prices rose by 2% on Monday amid weaker auctions supply
Oil prices saw a modest increase after a series of geopolitical developments. Hamas accepted a ceasefire proposal mediated by Qatar and Egypt, but Israel rejected it, citing unmet core demands. Concurrently, Saudi Arabia announced an increase in its official selling prices for June, affecting most regions. As a result, Brent crude rose by 0.5% to $83.33 a barrel, and WTI crude also increased by 0.5% to $78.48 a barrel.
read more... 07/05/2024
Daily (06.05.2024): Crude oil prices fell on Friday amid weak US employment figures
Oil prices declined on Friday amid fears of weakening US demand following weaker-than-expected employment figures. Hence, Brent crude declined by about 1%, reaching $82.96 per barrel, and WTI crude similarly dropped by 1%, to settle at $78.11 per barrel.
read more... 06/05/2024
Daily (03.05.2024): EUAs posted their second-largest daily increase of the year on Thursday following a decline in net short positions
On Thursday, oil prices were rather stable following a significant decline the previous day. The market anticipation grew regarding the likelihood of the United States replenishing its strategic crude reserves due to these reduced-price levels. Hence, Brent crude edged 0.3% up at $83.67 per barrel, while WTI crude was rather stable to bearish at $78.95 per barrel.
read more... 03/05/2024
Daily (02.05.2024): Gas and carbon prices lost ground on Wednesday, driven by light trading and muted demand due to bank holiday
Oil prices experienced a significant decline on Wednesday due to various signs indicating subdued demand, especially with the upcoming US travel season. Consequently, Brent crude tumbled by 5% to settle at $83.44 per barrel, and WTI crude dropped by 3.6% to close at $79 per barrel.
read more... 02/05/2024
Daily (30.04.2024): Crude oil prices fell by 1% on Monday amid renewed hopes of a truce in Gaza
Oil prices declined on Monday, influenced by easing geopolitical tensions amid renewed optimism for a ceasefire in the Gaza Strip, potentially tied to potential hostage releases. Hence, Brent crude decreased by 1%, reaching $88.4 per barrel, and WTI crude similarly dropped by 1%, to settle at $82.63 per barrel.
read more... 30/04/2024