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Daily (12.09.2017): Increase in the U.S oil prices, as refineries restart operations
Oil prices soared on Monday as most important U.S. refineries relaunched operations after Hurricane Harvey, which might help resuscitate crude oil processing.
read more... 12/09/2017
Daily (06.09.2017): EU carbon prices jumped almost 10% to their peak of 2017
U.S. oil prices rose on Tuesday and gasoline declined as the gradual relaunch of refineries in the Gulf of Mexico that were closed by Hurricane Harvey increased demand for crude and reduced worries of a fuel supply crunch.
read more... 06/09/2017
Daily (05.09.2017): Brent price down by 0.8% on Monday, while WTI crude up amid reviving U.S. refineries
Brent price fell on Monday, after North Korea detonated a hydrogen bomb sparking a powerful 6.3 magnitude earthquake, 'escalating' nuclear crisis. This triggered a shift away from crude markets to assets perceived to be safer, such as gold. Brent crude edged $0.41, or 0.78% lower at $52.34. Meanwhile, the WTI had an opposite trend, growing by 0.23% to settle at $47.40 a barrel, as U.S. refineries that use crude to make fuel were gradually starting up again, along with the pipelines transporting products. This is a potentially bullish development for the WTI crude oil.
read more... 05/09/2017
Daily (04.09.2017): European carbon prices dropped by 1.8% on Friday, registering a 4.2% weekly loss
Oil prices rose on Friday, supported by a decline in the U.S. crude oil stocks last week, as refineries raised output with the approach of Harvey. Natural disasters are generally negative over the medium-term due to demand destruction, but in the short term the market reacts to the shortage of supply. Brent crude edged 0.7% up to settle at $52.75, while the WTI price grew by 0.13% at $47.29 a barrel.
read more... 04/09/2017
Daily (31.08.2017): Brent fell 2.2% on Wednesday, due to a lower demand for crude
Oil prices dropped on Wednesday as flooding from Tropical Storm Harvey knocked out approximately a quarter of U.S. refineries, leading to a decline in demand for crude. Brent crude ended $1.14, or 2.2%, down at $50.86. Meanwhile, WTI price decreased by 1.1% to $45.96 a barrel.
read more... 31/08/2017