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Daily (29.10.2020): Partial lockdowns worldwide weigh on energy demand and on the entire energy complex
Crude oil tumbled by over 5% on Wednesday, as US oil stocks increased more than expected, while overall demand is expected to fall. As such, Brent oil ended at $39.12 a barrel, down 5.1%, or $2.08, from Tuesday’s close and WTI crude dropped by 5.5% to close at $37.39 a barrel.
read more... 29/10/2020
Daily (22.10.2020): Oil prices fell sharply on Wednesday due to increased gasoline stocks in the US and weak demand
Oil prices retreated on Wednesday weighed by an increase in gasoline stocks in the US and weak demand because of the second wave of the Covid-19 pandemic. Furthermore, Libyan oil return to the market also put pressure on prices. Brent crude traded 3.3% lower at $41.73 a barrel, while WTI oil dropped by 4% to close at $40.03 a barrel.
read more... 22/10/2020
Daily (16.10.2020): EUAs close to a four-month low on Thursday due to Brexit uncertainty and weak auction demand
Oil prices edged lower on Thursday as OPEC sees a gloomy outlook on demand for black gold. Losses, however, have been limited, as the EIA report showed a larger-than-expected drop in crude stocks in the United States. Brent crude for December delivery traded 0.4% lower at $43.16 a barrel, while WTI oil slipped by 0.2% to $40.96 a barrel.
read more... 16/10/2020
Daily (24.09.2020): European carbon prices lost 5% on Wednesday, as quarterly EUA options expired leading to an oversupply
Oil prices rose slightly on Wednesday amid a drop in US crude and fuel stocks. Still, a rise in the numbers of Covid-19 cases globally limited gains. As a result, Brent crude rose by 4.2% to settle at $42.22 a barrel. Meanwhile, WTI futures hiked by 4.9% at $40.16 a barrel.
read more... 24/09/2020
Daily (14.09.2020): Crude oil fell by nearly 6.7% on a weekly basis, amid global demand worries and rising crude stocks
Oil prices declined on Friday posting their second consecutive weekly loss, amid worries over global fuel demand and a continuing rise in crude inventories. As a result, Brent crude fell by 0.6% to settle at $39.83 a barrel. Meanwhile, WTI futures was almost flat at $37.33 a barrel,
read more... 14/09/2020