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Daily (17.04.2023): European forward electricity prices fell by 3% on Friday, in tandem with bearish gas, carbon markets
Crude oil prices rose slightly on Friday after the International Energy Agency (IEA) unveiled global demand will hit a record high this year on the back of a recovery in Chinese consumption. Hence, Brent crude rose by 0.3% to settle at $86.31 a barrel. U.S. WTI crude settled at $82.52 a barrel, gaining 0.4% day-on-day.
read more... 17/04/2023
Daily (13.04.2023): WTI crude ended at its highest level of the year on Wednesday, amid fears of a tightening global supply and slowing U.S. inflation
Oil prices climbed on Wednesday, with WTI crude ending at its highest level of the year, as fears of a tightening global supply and slowing U.S. inflation offset the slight rise in U.S. crude inventories. As a result, Brent crude ended at $87.33 a barrel, while WTI crude settled at $83.26 on Wednesday.
read more... 13/04/2023
Daily (11.04.2023): Crude oil prices retreated by 1% on Monday amid thin holiday trading
Crude oil prices retreated on Monday as markets cautiously reopened after the holiday weekend and session volumes stayed low due to the closed European markets. Hence, Brent crude declined by 1% compared with Thursday’s session to close at $84.18 a barrel. Meanwhile, U.S. WTI crude decreased by 1% to settle at $79.74 a barrel.
read more... 11/04/2023
Daily (07.04.2023): Oil prices edged higher on Thursday ahead of Easter holiday and American Good Friday
Oil prices traded slightly higher for the third day on Thursday ahead of Easter holiday and American Good Friday, with investors also watching for signs of weakness in the U.S. economy. As a result, Brent crude ended at $85.12 a barrel, while WTI crude settled at $80.70 on Thursday.
read more... 07/04/2023
Daily (30.03.2023): Oil prices retreated on Wednesday, dampened by profit taking and refinery shutdowns in France, despite a sharp rise in US demand
Oil prices retreated on Wednesday, dampened by profit taking and refinery shutdowns in France, which more than offset the weekly report from the U.S. Energy Information Agency (EIA) that commercial crude inventories shrank by 7.5 million barrels. Thus, Brent crude fell by 0.5% to $78.28 a barrel, while WTI crude edged 0.3% down at $72.97.
read more... 30/03/2023