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Daily (10.11.2021): Oil prices hit a two-week high on Tuesday amid signs of global demand recovery, tight supply
Crude oil prices increased to hit a two-week high on Tuesday after the U.S. lifted its travel restrictions and amid more signs of a global post-pandemic recovery, while supply remains tight. Hence, Brent crude rose by $1.35, or 1.6%, $84.78 per barrel, while U.S. West Texas Intermediate (WTI) crude rose by $2.22, or 2.7%, to settle at $84.15.
read more... 10/11/2021
Daily (22.10.2021): European front-year power contrats slumped on Thursday amid softer gas
Crude oil prices retreated on Thursday, taking a breather after hitting their multi-year highs amid forecasts of a warm U.S. winter and concerns about the effect of coronavirus pandemic restrictions on global economic recovery. However, prices remain elevated as the energy supply crisis persists. Hence, Brent crude fell by $1.21 or 1.4% to $84.61 a barrel. U.S. WTI crude settled down 92 cents or 1.10% to $82.50.
read more... 22/10/2021
Daily (18.10.2021): European carbon prices lost over 3% on Friday, following reports of new measures to curb speculative trading
Crude oil prices strengthened on Friday, supported by growing demand, as a result of the recovery from the pandemic, and limited supply of black gold. As such, Brent oil gained 1% at $84.86 a barrel and WTI crude rose by 1.2% to $82.28 a barrel.
read more... 18/10/2021
Spain to seek $1.5B loan from EU recovery fund for EV plan
Spain will ask for a first loan worth 1.3 billion euros ($1.5 billion) from the European Union's Recovery and Resilience Facility to finance a plan to build electric cars, according to the draft 2022 budget submitted to the country's parliament.
read more... 15/10/2021
Daily (13.10.2021): Energy prices faced small fluctuations on Tuesday, but the market remains highly nervous
Oil prices evolved differently on Tuesday to end the session little changed amid concerns that higher energy costs could affect the global economic recovery. Hence, Brent crude lost 0.3% to $83.42 a barrel. U.S. WTI crude added 0.2% to $80.64 a barrel.
read more... 13/10/2021