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Daily (18.03.2020): Oil prices plummeted below $30 a barrel to reach the lowest level since 2016
Crude oil futures extended losses on Tuesday, falling to the lowest level since 2016 as the coronavirus pandemic threatens to bring the global economy to a deadlock, denting the fuel demand at a time when crude supply is flooding the market. Brent crude fell by $1.32, or 4.4% to settle at $28.73 a barrel on ICE London. U.S. WTI crude plunged by $1.75, or 6% to end at $26.95 a barrel on NYMEX.
read more... 18/03/2020
Daily (16.03.2019): Brent oil traded near 2% higher on Friday, as U.S commits to support weakening economies affected by coronavirus
Crude oil prices recovered on Friday, as the United States and other nations signaled plans to support weakening economies. Brent crude traded 1.9% higher at $33.85 a barrel. In the same context, WTI futures rose by 0.7% to $33.85 a barrel. However, crude prices posted their worst week since the 2008 global financial crisis after the coronavirus epidemics weighed on the global economy. Furthermore, Saudi Arabia and Russia initiated an oil price war.
read more... 16/03/2020
Daily (20.02.2020): Oil prices soared by more than 2% due to U.S. sanctions on Rosneft, tensions in Libya, coronavirus cases receding
Oil prices soared by more than 2% on Wednesday, supported by a slowdown in the spread of the coronavirus, U.S. sanctions against the Russian black gold giant Rosneft and the unrest in Libya. Brent crude for April delivery rose by $1.37, or 2.4% to settle at $59.12 a barrel. U.S. WTI crude ended at $53.29, gaining $1.24, or 2.4%.
read more... 20/02/2020
Daily (19.02.2020): NBP spot soared by 2.8% on Tuesday due to weak LNG supply
Oil prices were almost unchanged on Tuesday in a market still concerned about the coronavirus epidemic and its economic consequences. Brent crude for April delivery rose by 8 cents, or 0.14%, to end at $57.75 per barrel. On the other side, WTI crude slipped by 0.5% to settle at $52.05 per barrel.
read more... 19/02/2020
Daily (18.02.2020): Carbon prices above the €25-threshold amid a bullish wider energy complex
Crude oil futures edged higher on Monday as the coronavirus-related demand worries have been offset by output cuts from major oil producers. Brent crude rose by 35 cents, or 0.6% to settle at $57.67 a barrel. U.S WTI crude increased by 0.5% to end at $52.31 a barrel. However, trading volumes were thin due to the U.S. Presidents’ Day holiday.
read more... 18/02/2020