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Daily (06.07.2021): Brent crude neared 3-year high above $77 on Monday amid OPEC impasse, while European coal price marked a new decade high
Oil prices climbed on Monday, with Brent crude trading above $77 a barrel, the highest level since October 2018 following the indefinite postponement of the much-expected meeting of OPEC and non-OPEC ministers. Hence, Brent crude rose by 1.3% to settle at $77.16 a barrel. U.S. WTI crude settled at $76.34 a barrel, posting a 4.7% rise day-on-day.
read more... 06/07/2021
Daily (05.07.2021): German and French spot plummeted by around 13% on Friday amid forecasts for strong wind generation
Crude oil prices ended on a mixed note on Friday awaiting the outcome of a meeting of the OPEC and its allies after a dispute emerged over plans to further ease production curbs through the end of the year. In this context, Brent crude edged 0.4% higher to settle at $76.17 a barrel. Meanwhile, the American WTI closed rather flat at $75.16 a barrel.
read more... 05/07/2021
Daily (02.07.2021): German Cal'22 power extended 12-year highs on Thursday amid bullish fuels and carbon prices
Crude oil futures surged on Thursday, to close above $75 a barrel for the first time since 2018 as the OPEC+ deal was adjourned after producers earlier signaled a tentative agreement to only gradually increase supplies through the end of the year. Hence, Brent crude rose by 1% to $75.84 a barrel, while U.S. WTI crude soared by 2.4% to $75.23 a barrel.
read more... 02/07/2021
Daily (01.07.2021): EUAs hovered near all-time highs on Wednesday on optimism about European reforms and higher gas prices
Oil prices rebounded on Wednesday as U.S. crude stockpiles fell last week for the sixth straight week. In addition, an OPEC report foresaw an undersupplied market this year, boosting crude demand. As a result, Brent crude edged 0.5% higher to end at $75.13 a barrel. The American WTI increased by 0.7% to settle at 73.47 a barrel.
read more... 01/07/2021
Daily (30.06.2021): EUAs hiked at fresh six-week highs on Tuesday amid bullish gas, upcoming carbon market reform
Crude oil prices stabilised on Tuesday, with the market still focused on the upcoming OPEC summit, where the organization is set to plan their output strategy for the coming months. Hence, Brent crude steadied at $74.76 a barrel. At the same time, U.S. WTI crude ended rather flat at $72.98 a barrel.
read more... 30/06/2021