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Daily (07.01.2020): Oil prices ended at their highest levels since February after a surprise Saudi output cut
Oil prices continued to climb on Wednesday, hitting the highest levels since late February 2020 after Saudi Arabia announced a major cut in black gold production. Meanwhile, a larger-than-expected US crude inventory draw added further support to oil prices. Hence, Brent crude rose by 70 cents, or 1.3%, to settle at $54.30 a barrel. U.S. WTI crude settled 70 cents higher, or 1.4%, to end at $50.63 a barrel.
read more... 07/01/2021
Sales of battery-electric vehicles in Germany triple in 2020
Sales of battery-electric vehicles in Germany increased three-fold to more than 194,000 units in 2020, the country's road-traffic regulator said on Wednesday, citing the appeal of a more diversified product offering and of more reliable technology.
read more... 07/01/2021
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Daily (06.01.2020): Oil prices surged by about 5% on Tuesday amid OPEC output deal, Iran tensions
Crude oil futures rallied on Tuesday, after OPEC+ reached an agreement on production curbs starting in February, with Saudi Arabia voluntarily taking on a larger reduction. Continuing tensions over Iran’s seizure of a South Korean vessel brought further support to oil prices. Hence, Brent crude jumped by $2.51, or 4.9%, to settle at $53.60 a barrel. Meanwhile, U.S. WTI crude surged by $2.31, or 4.9%, to close at $49.93 a barrel.
read more... 06/01/2021
Daily (05.01.2020): Carbon prices strengthened by 3% on Monday amid a bullish energy market
The OPEC+ meeting on Monday was expected to lend support to oil prices. The members, however, had delayed on taking a decision for one more day. As such, due to investor’s prudence, Brent crude ended 1.4% lower at $51.09 a barrel, while WTI oil fell 1.9% to $47.62 a barrel.
read more... 05/01/2021
Daily (04.01.2020): Colder weather lent support to most of the energy prices ahead of New Year holidays
Oil prices increased slightly on Thursday, following the drop in US crude reserves. As a result, Brent crude ended 0.9% up at $51.80 a barrel. At the same time, WTI oil edged 0.3% higher at $48.52 a barrel.
read more... 04/01/2021