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Daily (30.12.2021): Oil prices extended gains on Wednesday, after another decrease in weekly US crude stocks
Oil prices increased for a third session in a row on Wednesday, supported by a further drop in US crude reserves. However, the possible impact of the Omicron variant, new lockdowns and travel restrictions, are limiting gains. Brent oil edged 0.4% up, settling at $79.23 a barrel. WTI crude gained 0.8% at $76.56 a barrel.
read more... 30/12/2021
Daily (23.12.2021): European carbon prices lost around 5% on Wednesday, amid volatile trading and bearish energy markets
Crude oil prices recorded a second consecutive increase on Wednesday, supported by a lower-than-expected drop in US crude stocks. Thus, Brent oil gained 1.8% at $75.29 a barrel and WTI crude surged by 2.3% to $72.76 a barrel.
read more... 23/12/2021
Daily (09.12.2021): Prospects of limited French nuclear output sent European spot power prices upwards on Wednesday
Oil prices increased on Wednesday, as concerns over the Omicron variant continued to ease. Furthermore, a decline in crude stocks in the United States lent additional support to prices. However, gains were limited by a decrease in US strategic reserves. As a result, both Brent oil and WTI crude edged around 0.5% higher at $75.82 and $72.36 a barrel, respectively.
read more... 09/12/2021
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EU’s upcoming gas reform to address storage, joint procurement
A planned revision of EU gas market legislation, expected on 14 December, will seek to improve access to gas storage facilities and include provisions enabling the joint purchasing of gas stocks, the European Commission said.
read more... 06/12/2021
Daily (04.11.2021): Oil prices lost more than 3% on Wednesday, weighed by an increase in US crude stocks
Crude oil prices retreated on Wednesday, following news that US crude reserves had risen again on a weekly basis by a larger-than-expected amount. Hence, Brent oil decreased by 3.2% to $81.99 a barrel and WTI crude fell by 3.6% to $80.86 a barrel.
read more... 04/11/2021