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Daily (27.08.2021): European front-year electricity prices held close to all-time highs on Thursday amid bullish fuels and carbon
Oil prices retreated on Thursday, snapping a three-day rally amid surging COVID-19 infections and as Mexico restored some supply after a fire disruption. Hence, Brent crude fell by $1.18, or 1.6%, to settle at $71.07 a barrel. U.S. WTI crude settled down 94 cents or 1.4% at 67.42 a barrel.
read more... 27/08/2021
Daily (26.08.2021): Oil prices were bullish on Wednesday, supported by a significant drop in US crude reserves
Oil prices rose for a third session in a row on Wednesday, lifted by a higher-than-expected drop in crude reserves in the United States. As such, Brent oil increased by 1.7% to $72.25 a barrel and WTI crude gained 1.2% at $68.36 a barrel.
read more... 26/08/2021
Daily (25.08.2021): Crude oil prices rose on Tuesday amid easing demand fears
Oil prices continued to rise in yesterday’s session as China has rapidly brought local virus cases down to zero and traffic is showing signs of recovery, thus easing demand concerns. Brent crude increased by 3.4% to settle at $71.05 a barrel. At the same time, the American WTI crude ended 2.9% up at $67.54 a barrel.
read more... 25/08/2021
Daily (24.08.2021): Crude oil prices rebounded on Monday due to a weaker dollar
Oil prices strongly rebounded on Monday amid signs of improving situation in China. In addition, a weaker American dollar also provided some support to the crude markets. Despite demand concerns due to rising cases of the Delta variant, Brent oil soared by 5.5% to settle at $68.75 a barrel. The American WTI crude gained 5.6% at $65.64 a barrel.
read more... 24/08/2021
Daily (23.08.2021): Oil prices lost around 2% on Friday, on concerns over Covid-19 and demand for black gold
Crude oil prices decreased on Friday, weighed by a stronger US dollar and concerns over demand for black gold amid the spreading pandemic. Brent oil fell by 1.9% to $65.18 a barrel and WTI crude slumped by 2.4% to $62.14 a barrel.
read more... 23/08/2021