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Daily (13.08.2021): Oil prices took a breather on Thursday amid fading expectations that global oil demand will outstrip supply
Oil prices steadied on Thursday after the International Energy Agency (IEA) said the spread of the Delta variant of the coronavirus would slow the recovery of global oil demand. Hence, Brent crude slipped by 0.2% to settle at $71.31 a barrel. U.S. WTI crude lost 0.2% to end at $69.09 a barrel.
read more... 13/08/2021
Daily (12.08.2021): European carbon prices closed near record high levels on Wednesday, lifted by bullish energy markets
Oil prices strengthened on Wednesday, on investor hopes for more demand recovery, as well as optimism over global economic recovery. As a result, Brent oil rose by 1.2% to $71.44 a barrel and WTI crude gained 1.4% to settle at $69.25 a barrel.
read more... 12/08/2021
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Daily (03.08.2021): European spot electricity prices skyrocketed by over 200% on Monday amid expectations of low wind
Crude oil prices fell for the second day in a row on Monday as highly contagious Delta variant of coronavirus sparked new mobility restrictions around the world, raising worries about demand recovery. Higher crude output from OPEC producers put further downward pressure on crude prices. Hence, Brent crude shed by 4.9% to settle at $72.58 a barrel. U.S. WTI crude ended 3.6%, lower at $71.26.
read more... 03/08/2021
Daily (28.07.2021): British gas prices extended gains on Tuesday amid supportive weather, tight supply
Oil prices are continuing a choppy sideways trade in absence of news. Uncertainty over the potential ramifications of the Delta wave which could jeopardize the energy demand recovery put pressure on crude prices. Hence, Brent crude settled at $74.48 a barrel, posting its first loss in six sessions. U.S. WTI crude lost 0.4% to close at $71.65 a barrel.
read more... 28/07/2021
Global markets sink on resurgent virus fears
World stocks and oil prices sank Monday as the spreading Delta variant of Covid-19 fueled fears of a faltering economic recovery, while the OPEC+ alliance agreed to hike output.
read more... 20/07/2021