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Daily (20.09.2021): Gas markets surged on Friday, as Gazprom books no addition transit capacity via Ukraine next week
Oil prices retreated on Friday, pressured by a stronger US dollar and the gradual recovery of production facilities in the Gulf of Mexico. As such, Brent oil slipped by 0.4% at $75.34 a barrel and WTI crude ended 0.9% lower at $71.97 a barrel.
read more... 20/09/2021
Daily (17.09.2021): European front-year electricity prices dropped by about 7% on Thursday in tandem with lower gas
Oil prices were rather steady on Thursday after hitting a multi-week high a day earlier. Prices were partly supported by the outlook of recovering oil demand as indicated by OPEC and IEA this week. On the other hand, the threat of disruptions by hurricane Nicholas receded. Hence, Brent crude added 0.3% to settle at $75.67 a barrel. U.S. WTI crude ended unchanged at $72.61 a barrel.
read more... 17/09/2021
Daily (16.09.2021): A fire at a UK-France power link led to massive gains for most of the European energy markets on Wednesday
Oil prices were bullish on Wednesday, lifted by a significant drop in US crude reserves, coupled with upwardly revised forecasts for demand from the International Energy Agency. As such, Brent oil climbed by 2.5% to $75.46 a barrel and WTI crude rose by 3.1% to $72.61 a barrel.
read more... 16/09/2021
Daily (15.09.2021): European Cal’22 power prices spiked to new record highs in tandem with gas
Oil prices set largely unchanged on Tuesday as concerns about Hurricane Nicholas’ threat to crude supply in the U.S. Gulf of Mexico faded. Hence, Brent crude ended rather stable at $73.60 a barrel. U.S. WTI crude was stable at $70.46 a barrel.
read more... 15/09/2021
Daily (14.09.2021): Crude oil prices climbed at their highest level in around 6 weeks as supply disruptions linger
Crude oil prices climbed to a six-week high on Monday as a slow return of production in the U.S. Gulf outweighs some bearish notes set by the OPEC. The producer’s group recently cut their demand growth outlook for the fourth quarter due to the impact of the Delta variant. Hence, Brent crude increased by 0.8% to settle at $73.51 a barrel. U.S. WTI crude rose by 1% to close at $70.45 a barrel.
read more... 14/09/2021