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Daily (08.04.2021): Crude oil prices rose on Wednesday, following the EIA’s weekly report on US inventories
Oil prices rose on Wednesday following EIA’s report on a decline in crude stocks. Gains, however, were limited by increased gasoline inventories in the US. Hence, Brent oil edged 0.7% higher at $63.16 a barrel, while WTI crude gained 0.8% to close at $63.16 a barrel.
read more... 08/04/2021
Daily (25.03.2021): Crude oil prices gained 6% on Wednesday following the blockage of the Suez Canal
Oil prices soared on Wednesday, lifted by concerns over the supply of black gold due to the blockage of the Suez Canal. Furthermore, a mixed sentiment over the EIA’s latest report on US crude stocks lent additional support. As a result, Brent oil gained 6% to $64.41 a barrel and WTI crude rose by 5.9% to $61.18 a barrel.
read more... 25/03/2021
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Italian hydro stocks fall below long-term average
Italian hydropower stocks continued to fall last week, reaching a 2021 low and moving to a deficit to the five-year average, amid dry conditions in Italy's hydro-intensive regions.
read more... 19/03/2021
Daily (18.03.2021): Carbon EUAs rose by 3% on Wednesday to reach new record highs
Crude oil prices edged lower on Wednesday, weighed by a further increase in commercial petroleum stocks in the United States. Brent oil slipped by 0.6% to close at $68.00 a barrel and WTI crude ended 0.3% down at $64.60 a barrel.
read more... 18/03/2021
Daily (19.02.2021): UK gas prices surged on Thursday amid diminishing storage levels, supportive technical indicators and stronger carbon prices
Oil prices retreated on Thursday, ending three sessions of increases, despite a larger than expected drop in crude stocks in the United States. The decline came amid speculation that OPEC+ may discuss an increase in production at their meeting early next month. Hence, Brent crude lost 41 cents, or 0.6%, to settle at $63.93 a barrel. U.S. WTI crude fell by 62 cents, or 1%, to settle at $60.52 a barrel.
read more... 19/02/2021