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Daily (28.03.2023): British gas prices moved upwards on Monday amid cold weather, ongoing strikes in France
Oil prices increased on Monday as a result of Iraq being forced to stop some crude exports from its semi-autonomous Kurdistan region and as a result of actions taken to prevent a potential banking crisis that could have negatively impacted oil demand. Brent crude futures soared by $3.13, or 4.17%, to settle at $78.12 a barrel. U.S. WTI crude gained $3.63, or 5.24%, to end at $72.89.
read more... 28/03/2023
Daily (27.03.2023): Oil prices declined by 1% on Friday amid renewed worries over the U.S. and European banking sectors
Crude oil prices retreated on Friday immediately after the United States ruled out restocking the Strategic Petroleum Reserve (SPR), while fears of banking contagion resurfaced. Hence, Brent crude decreased by 1.2% to settle at $74.99 a barrel. Meanwhile, U.S. WTI crude settled 1% lower at $69.26 a barrel.
read more... 27/03/2023
Daily (24.03.2023): European carbon prices reached their highest intraday level in six days on Thursday amid continued compliance purchase and persistent buying
Oil prices ended a run of three consecutive bullish days on Thursday, dragged down by statements from the U.S. Energy Secretary, who postponed purchases of crude to rebuild U.S. strategic reserves until at least next year. Thus, Brent crude fell by 1% to $75.91 a barrel.
read more... 24/03/2023
Daily (23.03.2023): European carbon prices hovered around the 90€ level for most of the day on Wednesday as traders anticipated the expiration of the March contract
Oil prices rose for the third consecutive day on Wednesday, supported by a weaker dollar and data showing a rebound in U.S. demand for refined products. Thus, Brent crude rose by 2% to $75.32 a barrel.
read more... 23/03/2023
Daily (21.03.2023): British gas prices continued to fall on Monday amid healthy stocks, mild weather
Crude oil prices rebounded after plummeting to their lowest levels in 15 months the previous day. However, fears over further contagion from the banking crisis continued to dominate crude trading. Hence, Brent crude rose by 82 cents, or 1.1%, to settle at $73.79 a barrel. U.S. WTI crude gained 90 cents, or 1.4%, at $67.64 on the eve of the contract's expiry.
read more... 21/03/2023