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Daily (25.11.2020): Oil futures surged to 9-month high on Monday amid strong optimism on coronavirus vaccine, transition to Biden presidency
Crude oil futures climbed to fresh multi-month highs on Tuesday as optimism arising from potential coronavirus vaccines overshadows inventory build-up in the US. The beginning of transition of power in the White House added further support to WTI. Hence, Brent crude surged by $1.80, or 3.9%, to close at $47.86 per barrel. Meanwhile, U.S.WTI crude soared by $1.85, or 4.3%, to finish at $44.91 per barrel. Both contracts reached their highest settlements since March, even returning to levels before the outbreak of the coronavirus pandemic.
read more... 25/11/2020
Daily (19.12.2019): French spot power plunges 33% on Wednesday on high wind, nuclear generation
Crude oil futures were rather flat on Wednesday after moving upward four trading days in a row. Brent crude edged higher, paring earlier gains following the latest oil inventory figures from the American Petroleum Institute (API) and the U.S. Department of Energy (DOE). Brent crude for February delivery added 7 cents, or 0.1%, to end at $66.17 per barrel. WTI for January delivery slipped to $60.93 per barrel.
read more... 19/12/2019
Daily (26.07.2019): EU carbon prices failed to hit the €30 mark on Thursday, as sellers unloaded inventory
Oil prices inched up on Thursday, bolstered by rising tensions between U.S. and Iran and a sharp drop in U.S. crude stockpiles. However, slower global economic growth that could reduce fuel demand limited gains. As a result, Brent crude edged 0.3% higher at $63.39 a barrel, while WTI futures closed 0.3% up at $56.02 a barrel.
read more... 26/07/2019
Daily (17.05.2018): EU carbon prices jumped by 6% on Wednesday to the highest level since 2011
A stronger dollar and an inventory report indicating lower-than-expected U.S. crude and gasoline stocks backed oil prices on Wednesday. Brent futures futures added 85 cents, or 1.1%, to close at $79.28 a barrel. WTI crude rose by $0.18, or 0.3% to settle at $71.49 a barrel.
read more... 17/05/2018
Daily (09.03.2018): European prompt power prices slid slightly on Thursday due to milder weather forecasts
Oil prices decreased on Thursday, due to a stronger dollar, signs of an inventory build at the U.S. storage hub in Cushing, Oklahoma, growing U.S. crude production and investors’ agitation about a likely trade war.
read more... 09/03/2018