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Daily (24.10.2022): Oil prices rose on Friday on expectations of higher Chinese demand
Oil prices rose on Friday as expectations of higher Chinese demand and a falling dollar mitigated fears about a worldwide economic recession and the effect of rising interest rates on consumption. Thus, Brent crude settled 1.2% higher at $93.50 a barrel, WTI crude traded 0.6% higher at $85.05.
read more... 24/10/2022
Daily (11.10.2022): European carbon contracts fell on Monday due to the collapse of demand in the industrial and energy sectors
After five straight days of gains, crude oil prices fell as weak economic data fueled concerns about a worldwide recession and reduced demand for fuel. Thus, Brent crude decreased by 1.8% to settle at $96.19 a barrel. Meanwhile, U.S. WTI crude ended 1.6% lower at $91.13 a barrel.
read more... 11/10/2022
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Four EU countries float ‘dynamic’ price corridor for gas
Several EU countries proposed limiting volatility in the gas market by introducing a “dynamic price corridor” to prevent prices from going too high or too low while still ensuring Europe can purchase the gas it needs on world markets.
read more... 10/10/2022
Daily (30.09.2022): Oil prices fell on Thursday amid worries about worldwide recession
Oil prices had a bearish evolution on Thursday, amid worries about a worldwide recession. Consequently, Brent crude slipped by 0.9% to $88.49 a barrel, and WTI oil edged 1.1% lower at $81.23 a barrel.
read more... 30/09/2022
Daily (19.09.2022): EUA prices sharply increased, breaking a three-week losing run
A leak at an Iraqi terminal in Basra appeared to be limiting the flows of oil, which led to a slight increase in oil prices on Friday. Prices, however, declined on a weekly basis due to worries that major interest rate hikes will impede the growth of the world economy and the need for fuel. Thus, Brent crude settled 0.6% higher at $91.35 a barrel. At the same time, WTI crude was flat at $85.11.
read more... 19/09/2022