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Daily (04.05.2021): EUAs rallied towards 50 EUR/tonne on Monday amid continuing speculation
Crude oil prices started the week on a front foot, as strong economic figures from China and a rapid coronavirus vaccination pace in the US overshadowed the concerns over increasing virus figures in India. Hence, Brent crude added 0.55 to settle at $67.56 a barrel. Meanwhile, U.S. WTI crude increased by 1.4% to close at $64.69 a barrel.
read more... 04/05/2021
Daily (03.05.2021): Oil prices dropped by 2% on Friday, weighed by profit-taking and India’s pandemic situation
Crude oil prices ended lower on Friday, weighed by the Covid-19 situation in India and fears for black gold demand. Meanwhile, profit-taking after three sessions of gains also put pressure on prices. As a result, Brent crude fell by 1.9% to $67.25 a barrel, and WTI oil ended 2.2% down at $63.58 a barrel.
read more... 03/05/2021
Daily (30.04.2021): Crude oil prices rose nearly 2% on Thursday, supported by worldwide economic recovery optimism
Crude oil prices strengthened further on Thursday, following optimism from economies around the world recovering from the pandemic and in turn boosting demand for black gold. Thus, Brent crude gained 1.9% to $68.56 a barrel, while WTI oil ended 1.8% up at $65.01 a barrel.
read more... 30/04/2021
Daily (29.04.2021): Carbon EUAs climbed by 1% on Wednesday supported by a bullish energy complex
Oil prices strengthened on Wednesday, supported by positive consumption data for black gold in the United States. Despite a slight increase in US crude inventories, according to the EIA’s weekly report, Brent oil gained 1.3% to $67.27 a barrel and WTI crude rose by 1.5% to $63.86 a barrel.
read more... 29/04/2021
Daily (28.04.2021): Strong demand, cold weather and strong fuels market provided support to British gas prices on Tuesday
Crude oil prices rose on Tuesday despite OPEC+ decision to increase output slightly from next week and surging coronavirus infection rate in India. Hence, Brent crude increased by 1.2% to settle at $66.42 a barrel. Meanwhile, U.S. WTI crude soared by 1.7% to close at $62.94 a barrel.
read more... 28/04/2021