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Daily (25.05.2021): Oil prices soared by over 3% on Monday amid Iran uncertainty, demand hopes
Crude oil prices had found foothold again at the beginning of the new week amid uncertainty over whether US sanctions on Iran would be lifted and whether Iranian crude would return to the market. Optimism over rising demand globally added further support to oil prices. Hence, Brent crude soared by 3% to settle at $68.46 a barrel. Meanwhile. U.S. WTI crude surged by 3.9% to end at $66.05 a barrel.
read more... 25/05/2021
Daily (24.05.2021): Oil prices gained more than 2% on Friday, on concerns over a storm that formed in the Gulf of Mexico
Crude oil prices were bullish on Friday, briefly supported by a storm that formed in the Gulf of Mexico. Despite an overall bearish sentiment on the market, Brent oil gained 2% to trade at $66.44 a barrel, while WTI crude rose by 2.7% to $63.58 a barrel.
read more... 24/05/2021
Daily (21.05.2021): EUAs climbed back above 52 EUR /t on Thursday as sentiment turns bullish
Oil prices saw another day of losses on Thursday as investors remained concerned about a possible return of Iranian supply, the rise of U.S. crude stocks and rising coronavirus figures in Asia. Hence, Brent crude shed by $1.55, or 2.3% to settle at $65.11 a barrel. Meanwhile, U.S. WTI crude declined by $1.42, or 2.2% to end at $61.94 a barrel.
read more... 21/05/2021
Daily (20.02.2021): European commodity markets in a bearish mood on Wednesday, as carbon prices lost ground
Crude oil prices fell to their lowest in three weeks, on worries that surging COVID-19 cases in Asia would reduce oil demand. Moreover U.S. inflation fears could slow economic growth, also weighing on prices. Thus, Brent crude fell by nearly 3% to settle at $ 66.66 a barrel. Meanwhile, U.S. WTI crude declined by 4.1% to end at $63.36 a barrel.
read more... 20/05/2021
Daily (19.05.2021): Fiercely falling carbon prices weighed on the European energy complex on Tuesday
Crude oil prices fell on Tuesday due to rising concerns about the coronavirus situation in Asia and amid ongoing talks between world powers on a revival of the Iran nuclear deal, which would bring more supply to the market. Hence, Brent crude moved 1.1% lower to settle at $68.71 a barrel, after initially having traded upwards above $70 a barrel. Meanwhile, U.S. WTI crude declined by 1.2% to end at $65.49 a barrel.
read more... 19/05/2021