Latest news
Daily (13.08.2021): Oil prices took a breather on Thursday amid fading expectations that global oil demand will outstrip supply
Oil prices steadied on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand. Hence, Brent crude slipped by 0.2% to settle at $71.31 a barrel. U.S. WTI crude lost 0.2% to end at $69.09 a barrel.
read more... 13/08/2021
Daily (12.08.2021): European carbon prices closed near record high levels on Wednesday, lifted by bullish energy markets
Oil prices strengthened on Wednesday, on investor hopes for more demand recovery, as well as optimism over global economic recovery. As a result, Brent oil rose by 1.2% to $71.44 a barrel and WTI crude gained 1.4% to settle at $69.25 a barrel.
read more... 12/08/2021
Daily (11.08.2021): European day-ahead electricity prices hovered at around 100 EUR/MWh on Tuesday amid halving wind, spiralling gas prices, strong demand
Oil prices moved cautiously higher on Tuesday, recouping some of their losses in the previous session, as rising demand in Europe and the United States offset concerns over an increase in COVID cases in Asian countries. Hence, Brent crude rose by $1.59, or 2.3%, to settle at $70.63 a barrel. U.S. WTI crude settled $1.81, or 2.7%, higher at $68.29 per barrel. Both contracts dropped by around 2.5% on Monday, but analysts believe the pandemic turbulence will be short-lived.
read more... 11/08/2021
Daily (10.08.2021): Crude oil prices slumped to a three-week low on Monday amid new coronavirus restrictions in Asia
Crude oil prices slid to a three-week low on Monday as the new pandemic measures in Asia, especially China, the world-second largest oil consumer and largest crude importer, prompted fears of a demand slowdown. Hence, Brent crude fell by $1.66, or 2.4%, to settle at $69.04 a barrel. U.S. WTI crude shed by $1.80, or 2.6%, to settle at $66.48. Both benchmarks posted their lowest close since July 19.
read more... 10/08/2021
Daily (09.08.2021): Oil prices lost ground on Friday, weighed by coronavirus and demand worries
Crude oil prices retreated on Friday, pressured by the spread of the Delta variant of Covid-19 and concerns over demand for black gold. Consequently, Brent oil lost 0.8% to end at $70.70 a barrel and WTI crude fell by 1.2% to $68.28 a barrel.
read more... 09/08/2021