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Daily (09.04.2024): Oil prices retreated by 1% on Monday amid talks of a potential Gaza ceasefire
On Monday, oil prices retreated after sharp price climbs amid hopes of a de-escalation in the Gaza conflict. Brent crude rose by 1% to $90.38 a barrel, while WTI crude experienced a similar 1% decrease to $86.43 a barrel.
read more... 09/04/2024
Daily (08.04.2024): Middle East conflict provided support to oil prices on Friday
Oil prices extended gains on Friday , amid worries about supply constraints due to the Middle East conflict. Brent crude rose by 1% to $91.17, while WTI Crude edged 0.4% higher at $86.19.
read more... 08/04/2024
Daily (05.04.2024): Oil prices hit their highest level since October on Thursday amid escalated geopolitical tensions and supply constraints
Oil prices surged on Thursday, reaching their highest level since October amid heightened geopolitical tensions in Ukraine and the Middle East, as well as continuously tighter supply. As a result, Brent crude closed at $90.65 a barrel, while WTI crude reached $86.59 a barrel, with both contracts climbing by 1.4% day-on-day.
read more... 05/04/2024
Daily (04.04.2024): European carbon prices declined for third consecutive day on Wednesday amid reduced volatility and bearish gas prices
On Wednesday, oil prices continued their rise, supported by escalating geopolitical tensions and by a strong fuel demand in the United States last week. Hence, Brent crude increased by 0.5% to settle at $89.35 a barrel, while WTI crude stood at $85.43 a barrel, up 0.3% day-on-day.
read more... 04/04/2024
Daily (03.04.2024): Supply concerns and the Middle-East conflict boosted oil prices on Tuesday
Oil prices surged to their highest level in five months on Tuesday amid worries about supply constraints. The surge was fuelled by fears of retaliatory actions from Iran following a fatal strike, attributed to Israel, on an Iranian diplomatic facility in Damascus. Brent crude rose by 2% to $88.92 a barrel, while WTI Crude posted a 2% decrease to $85.15 a barrel.
read more... 03/04/2024