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Daily (13.09.2021): European carbon prices slumped by nearly 3% on Friday, weighed by profit-taking and news on Nord Stream 2
Oil prices increased on Friday, on market optimism over improving Sino-US relations. At the same time, crude production in the Gulf of Mexico continues to suffer eleven days after the hurricane, lending additional support to prices. Hence, Brent oil gained 2.1% at $72.92 a barrel and WTI crude surged by 1.9% to $69.43 a barrel.
read more... 13/09/2021
Daily (10.09.2021): Gas markets extended record highs on Thursday, due to persisting supply concerns ahead of winter season
Oil prices fell on Thursday, following the announcement that China started using its internal strategic crude reserves in order to counteract the rising energy prices. Despite a drop in US crude and gasoline stocks, Brent oil lost 1.6% to end at $71.45 a barrel. WTI crude closed 1.7% lower at $68.14 a barrel.
read more... 10/09/2021
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
Daily (08.09.2021): European front-year power contracts hit fresh all-time highs amid strong gas, coal
Crude oil futures retreated on Tuesday as Saudi Arabia’s sharp cuts in crude contract prices for Asia raised fears over slower demand, but strong Chinese economic data and U.S. output outages limited losses. Hence, Brent crude declined by 0.7% to settle at $71.69 a barrel. U.S. WTI crude lost 0.8% to end at $68.35 a barrel.
read more... 08/09/2021
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Daily (07.09.2021): German and French Cal’22 power hit all-time highs on Monday with gas and carbon heading higher in lockstep
Crude oil prices retreated on Monday as demand worries related to impacts by the coronavirus and its delta variant are put into the spotlight again after Saudi Arabia cut official selling prices to Asia. Hence, Brent crude shed by 1.8% to settle at $72.22 a barrel. U.S. WTI crude declined by 0.5% to close at $68.93 a barrel.
read more... 07/09/2021