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Daily (15.01.2020): EUAs plunged under the €24-mark amid a bearish energy complex
Crude oil prices recovered from a five-day bearish strike on Tuesday as the United States and China – the two largest energy consumers in the world – are preparing to sign a trade agreement.
read more... 15/01/2020
Daily (10.01.2020): EUAs bounced back above €24-mark on Thursday amid a technical recovery, bullish energy context
Crude oil futures ended slightly lower on Thursday as the U.S. and Iran seemed to step away from their conflict, with traders focusing instead on data showing a big increase in U.S. crude oil inventories.
read more... 10/01/2020
Daily (28.11.2019): EUAs jumped by almost 3% on greater climate ambitions promised by the European Commission
Oil prices slipped on Wednesday as reports showed an unexpected increase in U.S. inventories, and record high gasoline production. Consequently, Brent crude closed the session at $64.06 a barrel, down 21 cents or 0.3% day on day. The WTI contract lost 3 cents, or 0.5%, to $58.11 per barrel.
read more... 28/11/2019
Daily (14.11.2019): EUAs rebounded by 1% on Wednesday, amidst a lack of auction supply and positive economic data
Crude oil prices inched higher on Wednesday, stimulated by upbeat economic comments from Jerome Powell, the Chair of Federal Reserve. A drop in U.S. crude stocks and a positive outlook on oil markets from OPEC also supported prices. On this background, WTI futures rose by 0.6% to $57.12 a barrel, while Brent crude edged 0.5% higher at$62.37 a barrel.
read more... 14/11/2019
Daily (07.11.2019): EUAs fell by around 2.8% on Wednesday due to strong auction supply and concerns over a slowing economic growth in the EU
Crude oil prices retreated on Wednesday, weighed by a higher-than-predicted rise in the U.S. crude inventories. Reports showing a sluggish growth in Germany’s services sector and Eurozone business activity close to stagnation put more pressure on the market. As a result, Brent crude traded 1.9% lower at $61.74 a barrel, while WTI futures sank by 1.5% to $56.35 a barrel.
read more... 07/11/2019