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Daily (23.08.2023): European carbon prices surged by over 2% amid bullish gas prices
Oil prices fell slightly on Tuesday due to the worsening economic outlook in China and uncertainties surrounding the possible impact of the economic slowdown in the US. Thus, Brent crude edged 0.5% down at $84.03 a barrel, while WTI crude traded 1.3% lower at $79.64 a barrel.
read more... 23/08/2023
Daily (16.08.2023): Oil prices extended losses on Tuesday amid various disappointing economic data surrounding Chinese economic outlook
Oil prices extended losses on Tuesday amid various disappointing economic data surrounding Chinese economic outlook. Worries about the stability of the U.S. financial system also contributed to the decline. As a result, Brent crude dropped by 1.5% to $84.89 a barrel, while WTI crude fell by 1.8% to settle at $80.99 a barrel.
read more... 16/08/2023
Daily (11.08.2023): Gas prices retreated on Thursday amid hopes that a potential strike at an Australian LNG facility could be averted
Oil prices decreased due to a technical adjustment and concerns about the global economic outlook on Thursday. Recent data revealed that US core inflation increased to 3.2% in the previous month, a slight rise compared to June. The increase triggered speculation about the possibility of the Federal Reserve implementing another interest rate increase. As a result, Brent crude fell by 1.3% to $86.40 a barrel, while WTI crude declined by 1.9% to settle at $82.82 a barrel.
read more... 11/08/2023
Daily (12.07.2023): Oil prices rose by over 2% on Tuesday as production cuts by OPEC+ offset worries about the global economic outlook
Oil prices rose on Tuesday as production cuts by OPEC+ and a slight decline in the value of the US dollar counterbalanced worries about the global economic situation, which included indications of reduced demand from China. Thus, WTI crude traded 2.5% higher at $74.83 a barrel, while Brent crude increased by 2.2% to settle at $79.40 a barrel.
read more... 12/07/2023
Daily (26.06.2023): Oil prices pursued their downward trend on Friday on worsening economic outlook
Oil prices pursued their downward trend on Friday, ending the week sharply lower, as investors feared that interest rate hikes in both Europe and the United States would depress activity and hence demand for energy. As a result, WTI crude edged lower to settle at $69.16 a barrel, while Brent crude ended at $73.85 a barrel.
read more... 26/06/2023