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Daily (05.01.2020): Carbon prices strengthened by 3% on Monday amid a bullish energy market
The OPEC+ meeting on Monday was expected to lend support to oil prices. The members, however, had delayed on taking a decision for one more day. As such, due to investor’s prudence, Brent crude ended 1.4% lower at $51.09 a barrel, while WTI oil fell 1.9% to $47.62 a barrel.
read more... 05/01/2021
Daily (04.01.2020): Colder weather lent support to most of the energy prices ahead of New Year holidays
Oil prices increased slightly on Thursday, following the drop in US crude reserves. As a result, Brent crude ended 0.9% up at $51.80 a barrel. At the same time, WTI oil edged 0.3% higher at $48.52 a barrel.
read more... 04/01/2021
Daily (31.12.2020): A drop in crude reserves in the US lent support to oil prices on Wednesday
According to the U.S. Energy Information Agency (EIA) report released on Wednesday, crude reserves in the United States fell for the third week in a row, thus lending support to oil prices. As a result, Brent crude gained 0.5% to $51.34 a barrel, while WTI oil traded 0.8% higher at $48.40 a barrel.
read more... 31/12/2020
Daily (30.12.2020): Gas prices surged on Tuesday, boosted by forecasts for lower temperatures
Crude oil prices edged higher on Tuesday, supported by an improved US economic stimulus plan. Despite concerns regarding demand for black gold, Brent oil gained 0.5% at $51.09 a barrel, while WTI crude ended 0.8% higher at $48.00 a barrel.
read more... 30/12/2020
Daily (29.12.2020): The energy markets on a front foot on Monday despite slightly lower oil prices, with investors back to the market after a Christmas break
Oil prices retreated on Monday as worries about looming new supply from OPEC+ and a weak demand a on the back of a new aggressive strain of the coronavirus overshadowed the positive news of the passing of a US stimulus package. Hence, Brent crude fell by 43 cents, or 0.84%, to settle at $50.86 a barrel. At the same time, U.S. WTI crude settled at $47.62 a barrel, declining by 61 cents, or 1.26% day-on-day.
read more... 29/12/2020