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Daily (07.03.2024): Oil prices rallied on Wednesday amid US demand recovery and Fed rate cut speculations
On Wednesday, oil prices rebounded, driven by increased demand in the United States and statements from the President of the Federal Reserve (Fed) indicating potential interest rate cuts later this year. As a result, the Brent crude oil stood at $82.96 a barrel, while WTI crude settled at $79.13 a barrel.
read more... 07/03/2024
Daily (06.03.2024): Carbon prices rose by 6% on Tuesday, reaching the biggest daily gain in 15 months
Oil prices saw a minor decrease due to low demand on Tuesday, despite potential supply interruptions stemming from the current political unrest in the Middle East. Brent crude fell by 1% to $82.04, and WTI Crude also dipped by around 1% to $78.15.
read more... 06/03/2024
Daily (05.03.2024): Gas and carbon prices extended their gains on Monday amid cold weather forecasts and reduced LNG flows
Oil prices retreated on Monday despite recent production cuts extensions declared by the OPEC+ members, as worries about demand outweighed. Consequently, the Brent crude oil fell by 1% to settle at $82.80 a barrel, while WTI crude tumbled by 1.5% to stand at $78.74 a barrel.
read more... 05/03/2024
Daily (04.03.2024): WTI crude oil surged to $80 on Friday amid production concerns and resumed active purchasing
On Friday, WTI crude oil experienced a significant increase, hovering around $80 for the first time since November. This surge occurred as the market resumed active purchasing amid production concerns in the US and expected supply tightness. Meanwhile, the Brent crude oil ended rather stable to bearish at $83.55 a barrel as demand concerns weighed.
read more... 04/03/2024
Daily (01.03.2024): European carbon prices plunged by more than 3% on Thursday following weak auction, selling pressure
Oil prices moved sideways on Thursday. Hence, Brent crude ended rather stable to bearish at $83.62 a barrel, as a higher-than-expected increase in US crude inventories put pressure on prices. WTI crude retreated by about 0.4% to end at $78.26 a barrel.
read more... 01/03/2024