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Daily (25.01.2021): Brent crude fell by 1.2% on Friday, weighed by renewed coronavirus infections in China
Oil prices ended lower on Friday, weighed by renewed infections of Covid-19 in China, with several cases linked to the English variant. Moreover, an increase in U.S. crude stocks also put pressure on prices. Consequently, Brent oil dropped by 1.2% to $55.41 a barrel and WTI crude closed 1.6% lower at $52.27 a barrel.
read more... 25/01/2021
Daily (18.01.2021): Carbon EUAs plummeted by 5% on Friday, following a bearish energy market
Crude oil prices retreated on Friday, weighed by global demand concerns amid the coronavirus pandemic. Hence, Brent crude and WTI oil lost 2.3% to close at $55.10 and $52.36 a barrel, respectively.
read more... 18/01/2021
Daily (15.01.2020): U.S. WTI crude ended at its highest level in 11 months on Thursday amid stimulus optimism
Crude oil futures gained ground on Thursday, with U.S. WTI crude hitting its highest level since February of last year, buoyed by the continuing COVID-19 vaccine rollout and hopes that a new U.S. coronavirus relief plan could boost oil demand. Hence, Brent crude rose by 36 cents, or 0.6%, to settle at $56.42 a barrel on ICE Futures Europe. U.S. oil benchmark increased by 66 cents, or 1.3%, to close at $53.57 a barrel on the New York Mercantile Exchange.
read more... 15/01/2021
Daily (14.01.2021): British front-month gas price slumps by 16% after reaching two-year high
Crude oil prices retreated on Wednesday, feeling the effects of the coronavirus pandemic on global demand. Consequently, Brent oil decreased by 0.9% to close at $56.06 a barrel, while WTI crude edged 0.6% lower at $52.91 a barrel.
read more... 14/01/2021
Daily (13.01.2020): Oil prices escalated at highest levels since February on Tuesday amid Saudi cuts
Crude oil futures advanced on Tuesday, with prices approaching pre-coronavirus levels, continuing to be supported by last week’s surprised decision by Saudi Arabia to cut production by about 1m bbl/day in February and March. Hence, Brent crude rose by 92 cents, or 1.7%, to settle at $56.58 a barrel. At the same time, U.S. WTI crude gained 96 cents, or 1.8%, to end at $53.21. Both contracts finished at their highest level since February 21.
read more... 13/01/2021