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Daily (30.11.2021): Oil prices rebounded on Monday as Omicron fears receded
Crude oil prices rebounded on Monday, recouping some of Friday’s heavy losses as market participants turned their focus to the upcoming meeting among OPEC and Russia-led partners, offsetting Omicron worries. Hence, Brent crude increased by 1% to $73.44 a barrel. U.S. WTI crude soared by 2.6% to end at $69.95 a barrel.
read more... 30/11/2021
Daily (23.11.2021): European carbon prices climbed to a new record high on Monday despite gas declines
Crude oil prices rebounded to some extent on Monday but remained under pressure after Japan said it was considering releasing oil reserves and as the COVID-19 situation in Europe deteriorated, raising concerns about both oversupply and weak demand. The gains were attributed to new rumors that the OPEC countries, especially Saudi Arabia, are reconsidering the production agreement they reached a few weeks ago, if the US and China indeed release oil reserves
read more... 23/11/2021
Daily (05.10.2021): European electricity prices rocketed on Monday amid low renewables output, surging gas prices
Oil prices prolonged their rally, to hit a three-year high on Monday following OPEC+ decision to stick with its current output policy as demand for petroleum rebounds. Hence, Brent crude soared by $1.98, or 2.5%, to settle at $81.26 a barrel. U.S. WTI crude settled up $1.74, or 2.3%, to $77.62 a barrel.
read more... 05/10/2021
Daily (29.09.2021): Carbon prices wiped out previous gains on Tuesday to post the biggest loss in five weeks amid profit-taking
Crude oil prices took a breather on Tuesday after five straight positive sessions, but remain strong amid rebounding demand as supply remains tight. Hence, Brent crude lost 44 cents, or 0.6%, to $79.09 a barrel, after reaching its highest level since October 2018 at $80.75. U.S. WTI crude slipped by 16 cents, or 0.2%, to close at $75.29 a barrel, after hitting a session high of $76.67, highest since July.
read more... 29/09/2021
Daily (09.09.2021): Oil prices gained 1.3% on Wednesday, on lasting disruptions caused by Hurricane Ida
Crude oil prices rebounded on Wednesday, as Hurricane Ida left lasting consequences on oil facilities in the Gulf of Mexico. At the same time, a lack of coronavirus related economic news lent additional support to prices. Thus, Brent oil rose by 1.3% to $72.60 a barrel and WTI crude increased by 1.4% to $69.30 a barrel.
read more... 09/09/2021