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Daily (25.08.2023): Gas and power prices are strongly bearish following positive news from Australia
Crude oil prices closed slightly higher on Thursday as gasoil stocks in Europe are declining. Hence, Brent crude and WTI crude edged 0.2% higher, at $83.36 a barrel and $79.05 a barrel, respectively.
read more... 25/08/2023
Daily (10.07.2023): Oil prices rose by about 3% on Friday as US stocks reached their lowest level since the start of 2023
Oil prices rose on Friday, posting a second straight week of gains as official data showed US stocks had hit their lowest level since the start of 2023. As a result, WTI crude climbed by about 3% to settle at $73.86 a barrel, while Brent crude ended at $78.47 a barrel, posting a 2.6% gain day-on-day.
read more... 10/07/2023
Daily (22.05.2023): Germany and France spot power prices fell by about 40% on Friday amid higher renewables
Brent crude slipped by 0.3% to $75.58 a barrel on Friday, pressured by stronger dollar and official EIA data, which showed an increase in US crude stocks. Meanwhile, WTI crude traded 0.4% lower at $71.55 a barrel.
read more... 22/05/2023
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
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EU plans to extend gas consumption reduction targets
The EU is planning to extend its gas consumption reduction measures into next winter, the bloc’s energy ministers said on Tuesday (28 February), to replenish stocks.
read more... 02/03/2023