Latest news
Daily (17.07.2017): EU carbon prices increased by 1.1% on Friday
Oil prices edged higher in rough trading on Friday, boosted by a report from the IEA that demand growth is accelerating and that oil stocks had fallen. The IEA raised its demand estimate for the Q2, while it reduced its figure for non-OPEC supply. Consequently, the oil market showed a vast deficit last quarter. Both, Brent crude and WTI prices rose by 1% to close at $48.91 a barrel and $46.54 a barrel respectively.
read more... 17/07/2017
Daily (14.07.2017): Oil prices rose 1.4% on Thursday as world oil demand is picking up
Oil prices rose on Thursday on evidence that world oil demand is picking up, notably in the United States and China, the world's two biggest oil consumers. Growing demand is helping to drain a global fuel glut but the rebalancing of the oil market is taking longer than anticipated. Brent crude jumped by 1.42% settling at $48.42 a barrel, while the WTI price increased by 1.3% to $46.08 a barrel.
read more... 14/07/2017
Daily (13.07.2017): EU carbon prices by rose 2.7% on Wednesday
Oil jumped again on Wednesday supported by declining U.S. fuel inventories and a cut in the U.S. government's forecast for crude output. The drop in U.S. crude stocks confirmed that the market rebalancing is under way. Brent crude rose by 0.46% settling at $47.74 a barrel, while the WTI price increased by 1% to $45.49 a barrel.
read more... 13/07/2017
Daily (12.07.2017): Oil prices jumped by 1.4% on Tuesday
Oil prices rose almost 1.4% on Tuesday, extending gains from the previous day as the U.S. government cut its crude production outlook for next year and as fuel inventories plunged. At the same time, output from the OPEC remains high despite a pledge led by the producer group to cut supplies in order to tighten the market. Brent crude rose settled at $47.52 a barrel, while the WTI price increased by 1.44% to $45.05 a barrel.
read more... 12/07/2017
Daily (11.07.2017): British NBP spot price declined by 2.8% on Monday
Oil rose modestly on Monday, lifted by a healthy demand expected in the coming weeks. However, increased drilling activity in the US and uncertainty over Libyan and Nigerian production cuts clouded the future supply outlook. Brent crude rose by 0.36% to end at $46.88 a barrel, while the WTI price increased by 0.38% to $44.40 a barrel.
read more... 11/07/2017