Latest news
Daily (25.07.2023): Oil prices climbed by over 2% on Monday to levels not seen since April
Crude oil prices gained ground on Monday following hopes for new stimulus measures in China and OPEC's production cuts. Additionally, rising demand of US gasoline bolstered prices. Thus, Brent crude rose by 2.1% to end at $82.74 a barrel. Meanwhile, U.S. WTI crude increased by over 2% as well, to settle at $78.74 a barrel.
read more... 25/07/2023
Daily (07.07.2023): British gas prices fell on Thursday amid continuing high stock level
Crude oil prices ended rather flat on Thursday as the combined production cuts from Saudi Arabia and Russia were offset by a possible U.S. interest rate hike. Moreover, economic data concerns from Eurozone and China weighed on price. Hence, Brent crude edged 0.2% lower at $76.52 a barrel. Meanwhile, WTI crude almost closed unchanged at $71.80 a barrel.
read more... 07/07/2023
Daily (03.07.2023): Oil prices climbed on Friday as U.S. oil inventories witnessed a decline
On Friday, crude oil prices increased amid a larger-than-expected drop in US inventories, but economic concerns have limited the rise. Hence, Brent crude rose by 0.8% to settle at $74.90 a barrel. Meanwhile, WTI crude surged by 1.1% to end at $70.64 a barrel.
read more... 03/07/2023
Daily (30.06.2023) Oil prices continued their upward trend on Thursday amid low U.S. inventories
On Thursday, crude oil prices rose, supported by a larger-than-expected draw in U.S. crude inventories. Hence, Brent and WTI crude increased by about 0.4% to settle at $74.34 and $69.86 a barrel, respectively.
read more... 30/06/2023
Daily (22.06.2023): European carbon prices recorded their biggest intraday decline in three months
Oil prices gained momentum on Wednesday, ahead of weekly data on US crude inventories. Unshaken by the Fed chairman's comments on further U.S. interest rate hikes, WTI crude rose by around 2% to settle at $72.53/barrel, while Brent crude ended at $77.12/barrel, posting a 1.6% day-on-day gain.
read more... 22/06/2023