Oil prices extended gains on Wednesday, in a market that saw no improvement in the situation in the Middle East. Despite a sharp build in US crude oil inventories, Brent crude settled at $79.21 while WTI crude stood at $73.86 per barrel, with both contracts posting a 1% increase.
read more... 08/02/2024
Oil prices rose on Monday as geopolitical risks outweighed economic concerns. Thus, Brent crude stood at $77.99, while WTI crude settled at $72.78 per barrel, with both contracts gaining about 1% day-on-day.
read more... 06/02/2024
On Thursday, oil prices declined, erasing previous increases due to economic concerns, which offset the rising tensions in the Middle East. Additionally, a 1.2-million-barrel increase in U.S. crude inventories put further pressure on prices. Hence, Brent crude tumbled by about 4% to settle at $78.70, while WTI crude declined by about 3% to stand at $73.82 per barrel.
read more... 02/02/2024
Prices of European power purchase agreements (PPA) for green electricity fell 2% in the fourth quarter of 2023, making a case for buyers to strike new deals ahead of an expected rise in demand, price tracking platform LevelTen said on Thursday.
read more... 02/02/2024
Oil prices ended mixed on Tuesday as concerns over global oil demand offset ongoing supply concerns due to Middle East tensions. Consequently, Brent crude rose by about 0.6% to settle at $82.87, while WTI crude retreated by about 0.5% to close at $77.82 per barrel.
read more... 31/01/2024