Latest news
Daily (20.01.2023): Oil prices climbed to their highest close since Dec. 1 amid optimism over Chinese economic recovery
Crude oil prices increased to hit their highest levels since December 1, as the bullishness on China reopening and the demand recovery outweighed recessionary fears. Hence, Brent crude rose by $1.18, or 1.4%, to settle at $86.16 per barrel. U.S. WTI crude added 85 cents, or 1.1%, to settle at $80.33 per barrel.
read more... 20/01/2023
Daily (19.01.2023): European carbon prices reached their highest level in two weeks as a result of rising gas and electricity demand
Despite some hopeful predictions for oil consumption, oil prices were trading down on Wednesday as worries about the American recession took control. Investors have become aware that a recession is on the horizon amid US indices suggesting a severe slowdown in consumer spending. As a result, Brent crude oil slipped by $0.94, or 1.09% to settle at $84.98 a barrel. US WTI crude declined by 0.9% to end at $79.48 a barrel.
read more... 19/01/2023
Daily (18.01.2023): Oil prices rebounded to their highest level in two weeks on Tuesday on the prospect of increased demand in China
Oil prices rebounded to their highest level in two weeks on Tuesday on the prospect of increased demand in China as the world's top oil importer's economy gradually recovers despite rising infections. Thus, Brent crude oil rose by $1.46, or 1.7 percent, to $85.92 a barrel. U.S. WTI crude oil settled at $80.18 a barrel, gaining $1.11, or 1.4 % on a daily basis.
read more... 18/01/2023
Daily (17.01.2023): German and French Cal24 electricity prices fell by 10% on Monday in response to the rapid price falls across the fuel market
Oil prices drifted lower for the first time in eight sessions on Monday, with China announcing 60,000 Covid-related deaths in the past month further stoking demand concerns. Hence, Brent crude declined by 82 cents, or 1% at $84.46 a barrel. U.S.WTI crude eased by 1.3% to $78.85 a barrel.
read more... 17/01/2023
Daily (16.01.2023): NBP spot rose by nearly 4% on Friday on forecasts of colder weather
Crude oil prices continued to gain ground on Friday, driven by the rising Chinese demand and the prospect of easing inflationary pressures. As a result, Brent crude oil rose by $1.25, or 1.4 percent, to $85.28 a barrel. U.S. WTI crude oil settled at $79.86 a barrel, gaining $1.4, or almost 2%%, on a day-over-day basis.
read more... 16/01/2023