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Daily (23.07.2021) Oil prices continued to rise on Thursday as signs of recovering demand persist
Oil prices continued to increase on Thursday amid signs of recovering demand while supplies are expected to remain tight through 2021. Brent crude price rose by 2.2% to close at $73.79 a barrel. At the same time, the American WTI crude increased by around 2.3% to settle at $71.91 a barrel.
read more... 23/07/2021
Daily (21.07.2021): Carbon prices hit a 4-week low following weak auction activity
Crude oil prices closed higher on Tuesday, as the new OPEC+ deal should provide some stability to the market over the coming months in spite of the higher output. As a result, Brent crude oil rose 1.1% to $69.35 a barrel and WTI crude ended up 1.2% to $67.20 a barrel.
read more... 21/07/2021
Daily (20.07.2021): Oil prices slumped by around 7% on Monday as coronavirus cases increased worldwide
Oil prices plummeted on Monday, weighed by declining demand for black gold amid the coronavirus pandemic and the backdrop of the agreement on crude production between OPEC+ members. Brent oil tumbled by 6.8% to $68.62 a barrel and WTI crude lost 7.5% at $66.42 a barrel.
read more... 20/07/2021
Daily (19.07.2021): Gas prices increased on Friday, due to lower storage levels and concerns over Nord Stream 2
Oil prices traded range-bound on Friday amid persisting uncertainty over next month’s crude production from OPEC+ members. Brent oil and WTI crude both edged 0.2% higher at $73.59 and $71.81 a barrel respectively.
read more... 19/07/2021
Daily (16.07.2021): Crude oil prices extended losses on Thursday on expectations for increased supplies
Crude oil prices continued to fall on Thursday on expectation for an increase in supply after Reuters reported that Saudi Arabia and the United Arab Emirates (UAE) had reached a compromise deal. Moreover, U.S. fuel stocks rose, providing additional pressure to prices. As such, Brent crude fell by 1.7% to settle at $73.47 a barrel. The American WTI shed by 2% to end at 71.65 p/therm.
read more... 16/07/2021