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Daily (08.07.2021): Carbon EUAs lost 2.6% on Wednesday, pressured by sell-off and free allowance allocations
Oil prices fell on Wednesday, amid continued concerns over failed negotiations on crude production by OPEC+ members. As such, Brent oil ended 1.5% lower at $73.43 a barrel, and WTI crude dropped by 1.6% to $72.20 a barrel.
read more... 08/07/2021
Daily (07.07.2021): Oil prices slumped by over 3% on Tuesday after OPEC producers canceled meeting over supply dispute
Crude oil prices slumped on Tuesday after OPEC producers failed to agree a supply increase. On Monday, ministers from OPEC canceled a meeting after failing to resolve a dispute between the largest producer Saudi Arabia and the United Arab Emirates. Hence, Brent crude slumped by $2.63 a barrel, or 3.4%, to settle at $74.53 a barrel. U.S. WTI crude tumbled by $1.79, or 2.4%, to end at $73.37 a barrel.
read more... 07/07/2021
Daily (06.07.2021): Brent crude neared 3-year high above $77 on Monday amid OPEC impasse, while European coal price marked a new decade high
Oil prices climbed on Monday, with Brent crude trading above $77 a barrel, the highest level since October 2018 following the indefinite postponement of the much-expected meeting of OPEC and non-OPEC ministers. Hence, Brent crude rose by 1.3% to settle at $77.16 a barrel. U.S. WTI crude settled at $76.34 a barrel, posting a 4.7% rise day-on-day.
read more... 06/07/2021
Daily (05.07.2021): German and French spot plummeted by around 13% on Friday amid forecasts for strong wind generation
Crude oil prices ended on a mixed note on Friday awaiting the outcome of a meeting of the OPEC and its allies after a dispute emerged over plans to further ease production curbs through the end of the year. In this context, Brent crude edged 0.4% higher to settle at $76.17 a barrel. Meanwhile, the American WTI closed rather flat at $75.16 a barrel.
read more... 05/07/2021
Daily (02.07.2021): German Cal'22 power extended 12-year highs on Thursday amid bullish fuels and carbon prices
Crude oil futures surged on Thursday, to close above $75 a barrel for the first time since 2018 as the OPEC+ deal was adjourned after producers earlier signaled a tentative agreement to only gradually increase supplies through the end of the year. Hence, Brent crude rose by 1% to $75.84 a barrel, while U.S. WTI crude soared by 2.4% to $75.23 a barrel.
read more... 02/07/2021