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Daily (10.12.2020): Interest from investors pushes EUAs near the €30-mark
Oil prices were pressured on Wednesday by a significant increase in US crude inventories. However, losses were limited amid hopes that the Covid-19 vaccine will boost oil demand. Brent oil ended leveled with Tuesday’s close at $48.86 a barrel, while WIT crude edged 0.2% lower at $45.52 a barrel.
read more... 10/12/2020
Daily (19.11.2020): EUAs increased by 2% on Wednesday influenced by news that the start of the 2021 auctions would be delayed
Wednesday, OPEC has reconfirmed its intentions to continue cutting production, thus supporting crude oil prices amid Covid-19 and demand worries. As a result, Brent crude for January delivery closed 1.4% up at $44.34 a barrel, while WTI crude edged 0.9% higher at $41.82 a barrel.
read more... 19/11/2020
Daily (17.11.2020): EUAs hit a six-week high on Monday amid news of second vaccine
Crude oil prices surged on Monday after Moderna’s report on the progress in its Covid-19 vaccine boosted the whole energy complex, with investors reacting to the prospect of life returning to pre-pandemic levels. Hence, Brent crude soared by $1.04, or 2.4%, to settle at $43.82 per barrel. At the same time, U.S. WTI crude climbed by $1.21, or 3%, to end at $41.34 per barrel.
read more... 17/11/2020
Daily (16.10.2020): EUAs close to a four-month low on Thursday due to Brexit uncertainty and weak auction demand
Oil prices edged lower on Thursday as OPEC sees a gloomy outlook on demand for black gold. Losses, however, have been limited, as the EIA report showed a larger-than-expected drop in crude stocks in the United States. Brent crude for December delivery traded 0.4% lower at $43.16 a barrel, while WTI oil slipped by 0.2% to $40.96 a barrel.
read more... 16/10/2020
Daily (08.10.2020): EUAs hit a 2-week high on Wednesday, as the Parliament supported a stronger-than-expected 2030 climate target
Slightly larger-than-expected U.S. crude inventories and fading hopes for another stimulus package to support the coronavirus-hit economy weighed on oil prices declined on Wednesday Hence, Brent crude decreased by 1.6% to $41.99 a barrel. Meanwhile, WTI futures lost 1.8% to trade at $39.95 a barrel.
read more... 08/10/2020