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Daily (26.07.2017): Oil prices soared by 3.3% on Tuesday on oil production cuts
Oil prices continued to rose on Tuesday. At St. Petersburg’s meeting on Monday, the OPEC and non-OPEC producers discussed extending their deal to cut output beyond March 2018 if necessary. Saudi Arabia proposed to limit exports from next month and Nigeria voluntarily agreed to join the deal. Brent crude soared by 3.3% to $50.20 a barrel, while WTI price climbed by 3.34% to close at $47.89 a barrel.
read more... 26/07/2017
Daily (25.07.2017): European carbon prices rose on Monday to €5.20 level
Oil prices rose on Monday, cancelling Friday’s losses after leading OPEC producer Saudi Arabia pledged to cut its exports. Saudi Energy Minister Khalid al-Falih declared his country would considerably limit crude oil exports in August. Brent crude increased by 1.12% to $48.60 a barrel, while WTI price climbed by 1.25% to close at $46.34 a barrel.
read more... 25/07/2017
Daily (24.07.2017): Oil prices fell by 2.5% on Friday on a rise in the OPEC’s oil production
Oil prices were bearish on Friday after a consultancy report forecast a rise in OPEC production for July. Meanwhile, traders are looking ahead to Monday's meeting of several ministers from OPEC and non-OPEC members in Russia. Brent crude fell by 2.52% to $48.06 a barrel, while WTI price declined by 2.45% to close at $46.92 a barrel.
read more... 24/07/2017
Daily (21.07.2017): EU carbon prices decreased by 1.5% on Thursday, but still at a 3 month-high
Oil prices dropped on Thursday on rising output from the U.S., Libya and Nigeria before the meeting of major oil producers, expected to be held in Russia on Monday. Brent crude tumbled by 0.8% to end at $49.30 a barrel, while WTI price declined by 0.42% to close at $46.92 a barrel.
read more... 21/07/2017
Daily (20.07.2017): EU carbon prices decreased by 1.5% on Wednesday
Oil soared on Wednesday, supported by strong demand for gasoline in the US and a major decline in the stocks, according to the API. Brent crude jumped by 1.76% to close at $49.70 a barrel, while WTI price rose by 1.55% to end at $47.12 a barrel.
read more... 20/07/2017