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Daily (26.06.2020): Oil prices rebounded on Thursday after a 5% loss, as U.S. economic data lent support
Crude oil futures edged higher in a volatile session on Thursday, rebounding after a 5% loss in the previous session, with the market oscillating between rather encouraging U.S. economic data and fears on the health front. Hence, Brent crude by rose 74 cents, or 1.8%, to settle at $41.05 a barrel. At the same time, U.S. WTI crude settled 71 cents, or 1.9%, higher at $38.72 per barrel.
read more... 26/06/2020
Daily (15.05.2020): Crude oil prices rebounded on Thursday amid a less pessimistic oil supply picture unveiled by IEA
Crude oil futures surged on Thursday after the IEA unveiled a tightening supply picture in the second half of 2020. Moreover, an unexpected drop in U.S. crude stocks also lent support to prices. Hence, Brent crude soared by $1.94, or 6.7%, to settle at $31.13 a barrel, while the U.S. WTI crude rallied by $2.27, or 9%, to end at $27.56 a barrel.
read more... 15/05/2020
Daily (08.05.2020): German Cal’21 power contract bounced by 1.3% on Thursday in tandem with stronger coal, carbon prices
Crude oil futures declined on Thursday amid doubts about the ability of oil giants to comply with their production quotas in an attempt to stabilize the market. Moreover, worries about economic recession, sluggish demand and oversupply eclipsed a rebound in Saudi Arabia’s official crude selling and an unexpected rise in Chinese exports last month.
read more... 08/05/2020
Carbon rebounds from 1-month low
Carbon prices on Monday afternoon rebounded from one-month lows touched in early trading amid some supportive technical signals and despite gas prices falling to new lows.
read more... 05/05/2020
Daily (27.04.2019): WTI oil rebounded by 2.7% on Friday, following a record decline in U.S and Canadian active oil rigs
Crude oil prices inched higher on Friday, after U.S and Canadian oil producers cut the number of active rigs by the most in a month since 2015. Consequently, Brent crude for June delivery traded 0.5% higher at $21.44 a barrel. Similarly, WTI futures rose by 2.7% to $16.94 a barrel.
read more... 27/04/2020