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Daily (15.02.2023): Oil prices lost ground on Tuesday after the United States announced that it will be reducing its strategic crude reserves
Oil prices fell on Tuesday after the United States announced that it will be reducing its strategic crude reserves, resulting in a large influx of oil onto the market despite weak demand. Thus, Brent crude oil decreased by 1%, settling at $85.58 a barrel.
read more... 15/02/2023
Daily (02.02.2023): British near-term gas prices gained ground for the third consecutive day on Wednesday, supported by cold weather.
Oil prices decreased on Wednesday reaching a 3-week low, amid data released from US officials indicating a larger-than-expected increase in the country’s commercial crude oil reserves, which hit a 20-month high. Consequently, Brent crude fell by almost 2% to $82.84 a barrel and WTI oil dipped by 3.1% to $76.41 a barrel.
read more... 02/02/2023
Daily (21.12.2022): Carbon prices surpassed the 90 EUR/tonne threshold on Tuesday amid steady buying in thin trade
Crude oil prices increased modestly on Tuesday, spurred by a softer dollar and a U.S. plan to restock petroleum reserves. However, gains were capped by uncertainty over the impact of rising COVID-19 cases China. Brent crude added 0.2%, to settle at $79.99 per barrel. Meanwhile, U.S. WTI crude rose by 1.4% to $76.23 per barrel.
read more... 21/12/2022
Daily (04.11.2022): Oil prices fell amid US Federal Reserves a monetary tightening policies and weak economic data from China
Oil prices were bearish on Thursday, due to the US Federal Reserve's aggressive monetary tightening policies and concerns over the weak service sector data from China. Consequently, Brent crude traded 1.5% lower at $94.67 a barrel, and WTI oil fell by 2% to $88.17 a barrel.
read more... 04/11/2022
Daily (19.10.2022): British gas prices fell on Tuesday amid healthy storage, solid volumes of LNG
Crude oil prices lost ground on Tuesday as energy traders expect the Biden administration to remain aggressive with further releases from its strategic oil reserves. Economic slowdown and lower Chinese fuel demand put additional bearish pressure. Hence, Brent crude decreased by $1.59, or 1.7%, to settle at $90.03 a barrel. U.S. WTI crude dropped by $2.64, or 3.1%, to end at $82.82 a barrel.
read more... 19/10/2022