Latest news
Daily (23.04.2021): Front-year European power prices at multi-year record highs as carbon topped 47 EUR/t on Thursday
Oil prices saw a neutral session on Thursday, but optimism about oil demand recovery amid easing European lockdowns offset a growing number of Covid-19 cases in major consumers such as India. Hence, Brent crude ended rather flat at $65.40 a barrel. Meanwhile, U.S. WTI crude steadied at $61.43 a barrel.
read more... 23/04/2021
Daily (21.04.2021): EUAs set a new record high on Tuesday amid strong auction
Oil prices retreated on Tuesday as a sharp increase in COVID-19 infections in India, Asia’s third-largest economy raised worries about demand recovery. Hence, Brent crude lost 0.7% to settle at $66.57 a barrel. Meanwhile, U.S. WTI crude declined by 1.1% to end at $62.67 a barrel amid a surprise API inventory build.
read more... 21/04/2021
Daily (16.04.2021): Oil prices continued to climb, hovering at one-month highs amid signs of accelerating demand recovery
Oil prices continued their upward trajectory on Thursday, holding near one-month highs amid a brighter demand outlook due to bullish forecasts from the International Energy Agency (IEA) and OPEC. Positive U.S. economic data added further gains to oil prices. Hence, Brent crude rose by 0.5% to settle at $66.94 a barrel. U.S. WTI crude gained 0.5% to end at $63.46 a barrel.
read more... 16/04/2021
Daily (14.04.2021): Oil prices extended gains on Tuesday amid signs of demand recovery
Oil prices continued to move in a narrow range on Tuesday after OPEC boosted its expectation for this year’s demand recovery and amid strong demand data from China. However, the upside was limited after Johnson & Johnson’s vaccine deployment has been paused due to concerns over 6 patients (out of 6.8 million) developing rare blood clots. Hence, Brent crude rose by 0.6% to settle at $63.67 a barrel. U.S. WTI crude increased by 0.8% to $60.18 a barrel.
read more... 14/04/2021
Daily (07.04.2021): Carbon EUAs rose by 4% on Tuesday, breaking a new record high
Crude oil prices increased on Tuesday, on optimism over demand recovery amid a fast vaccine rollout in the United States. Gains, however, were limited by OPEC+ members’ decision of an increase in their output. Brent oil ended 1% up at $62.74 a barrel, while WTI crude rose by 1.2% to $59.33 a barrel.
read more... 07/04/2021