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Daily (04.10.2021): Oil prices gained 1% on Friday, supported by stronger demand and higher US equities
Crude oil prices increased on Friday, on the back of stronger demand and a rise in US equities. However, gains were limited by the prospect of the OPEC+ meeting on Monday where producing countries could decide to increase their production. Hence, Brent oil closed 1% higher at $79.28 a barrel and WTI crude rose by 1.1% to $75.88 a barrel.
read more... 04/10/2021
Daily (01.10.2021): British gas prices saw an unstoppable rally on Thursday amid supply fears ahead of the coming winter
Crude oil prices diverged but ended little changed on Thursday as a report showing China is ready to buy more oil to meet energy demand counterbalanced price pressure from an unexpected rise in U.S. crude inventories and a strong dollar. Hence, Brent crude steadied at $78.52 a barrel. U.S. WTI crude rose by 0.3% to $75.03 a barrel.
read more... 01/10/2021
Daily (30.09.2021): Gas prices were bullish on Wednesday, as market players were short-covering ahead of the winter gas season
Oil prices ended lower on Wednesday, pressured by profit-taking and a stronger US dollar. However, losses were limited by the EIA’s weekly report on US crude inventories. Consequently, Brent oil and WTI crude both edged 0.6% down at $78.64 and $74.83 a barrel, respectively.
read more... 30/09/2021
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 (28.09.2021): German and French Cal’22 power contracts spiraled by 6% on Monday amid bullish gas and coal prices
Oil prices continued to climb on Monday, with Brent approaching $80 a barrel as the market remains focused on the increase in demand amid the coronavirus recovery and the tight supply from the US following the recent hurricane which limited production in the Mexican Gulf. Hence, Brent crude soared by $1.44, or 1.8%, to settle at $79.53 a barrel, having posted three straight weeks of gains. U.S. WTI crude rose by $1.47, or 2%, to settle at $75.45 a barrel, its highest level since July, after rising for a fifth straight week.
read more... 28/09/2021