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Daily (11.07.2023): Oil prices slipped by 1% on Monday amid ongoing concerns about global economy
On Monday, crude oil prices decreased amid continued global macroeconomic concerns. Sluggish economic recovery in China combined with ongoing macro uncertainty in the US outweighed production cuts from both Saudi Arabia and Russia. Thus, Brent crude slipped by 1% to settle at $77.69 a barrel. Meanwhile, WTI crude dropped by 1.2% to end at $72.99 a barrel.
read more... 11/07/2023
Daily (14.06.2023): Gas prices soared on Tuesday as Nyhamna's gas outage was extended by more than three weeks
Crude oil prices gained ground on Tuesday on the back of lower-than-expected US inflation figures, which raised hopes of a pause in the Federal Reserve's interest rate hike. In addition, speculation about further Chinese economic recovery lent support. Hence, Brent crude increased by 3.4% to settle at $74.29 a barrel. At the same time, WTI crude traded 3.4% higher at $69.42 a barrel.
read more... 14/06/2023
Daily (17.05.2023): European carbon prices rose by 2% on Tuesday as the market anticipated a shortage of supply for the remainder of the week
Oil prices edged lower on Tuesday as a slow recovery in China, a stronger dollar and uncertainty about the global economy weighed on prices. Thus, Brent crude traded 0.4% lower to settle at $74.91 a barrel. WTI crude settled at $70.86 a barrel.
read more... 17/05/2023
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Daily (17.04.2023): European forward electricity prices fell by 3% on Friday, in tandem with bearish gas, carbon markets
Crude oil prices rose slightly on Friday after the International Energy Agency (IEA) unveiled global demand will hit a record high this year on the back of a recovery in Chinese consumption. Hence, Brent crude rose by 0.3% to settle at $86.31 a barrel. U.S. WTI crude settled at $82.52 a barrel, gaining 0.4% day-on-day.
read more... 17/04/2023
Daily (24.02.2023): Brent crude increased on Thursday amid hopes for stronger Chinese demand and a decline in Russian output
Oil prices recovered on Thursday, supported by hopes for a Chinese economic recovery and expected declines in Russian production. Despite a surge in U.S. inventories, Brent crude oil jumped by 2%, to settle at $82.21 per barrel.
read more... 24/02/2023