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(Daily 06.07.2022): Oil prices saw their biggest daily drop since March on Tuesday
On Tuesday, oil prices saw their biggest daily drop since March, as lockdowns in China and mounting concerns about a world recession reduced demand. Brent crude fell by 9.5% to settle at $102.77 a barrel, while WTI crude dropped by 9.9% to $99.5 a barrel.
read more... 06/07/2022
Daily (22.06.2022): British gas prices saw a relentless rise on Tuesday amid reduced flows from Russia, outages in the Norwegian production
Crude oil prices increased marginally on Tuesday amid continued supply concerns and unwillingness among OPEC nations to increase output noticeably. However, the gains were limited by coronavirus measures in China and fears of a new global recession. Hence, Brent crude rose by 0.5%, to settle at $114.65 a barrel. US WTI crude added 0.7% to $109.52 a barrel.
read more... 22/06/2022
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Daily (13.06.2022): European front-year electricity prices fell by over 2% on Friday amid bearish gas, carbon prices
Crude oil prices retreated on Friday after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures. Hence, Brent crude decreased by 0.9% to settle at $122.01 a barrel. U.S. WTI crude declined by 0.7% to settle at $120.67 a barrel.
read more... 13/06/2022
Daily (09.06.2022): Oil prices surged to a 13-week high
On Wednesday, oil prices surged to a 13-week high as rising demand expectations in China and the United States, the world's two largest energy consumers, fueled fears about global supply constraints. As a result, Brent crude rose by 2.5% to $123.58 per barrel.
read more... 09/06/2022
Daily (08.06.2022): British near-term gas prices declined due to falling seasonal demand
Despite tight supply fears, Crude oil prices rose on Tuesday, as demand in China revived with the lifting of the country's lockdown measures and no new cases Covid-19. As a result, Brent crude increased by 0.9% to $120.57 per barrel.
read more... 08/06/2022