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Daily (21.05.2021): EUAs climbed back above 52 EUR /t on Thursday as sentiment turns bullish
Oil prices saw another day of losses on Thursday as investors remained concerned about a possible return of Iranian supply, the rise of U.S. crude stocks and rising coronavirus figures in Asia. Hence, Brent crude shed by $1.55, or 2.3% to settle at $65.11 a barrel. Meanwhile, U.S. WTI crude declined by $1.42, or 2.2% to end at $61.94 a barrel.
read more... 21/05/2021
Daily (19.05.2021): Fiercely falling carbon prices weighed on the European energy complex on Tuesday
Crude oil prices fell on Tuesday due to rising concerns about the coronavirus situation in Asia and amid ongoing talks between world powers on a revival of the Iran nuclear deal, which would bring more supply to the market. Hence, Brent crude moved 1.1% lower to settle at $68.71 a barrel, after initially having traded upwards above $70 a barrel. Meanwhile, U.S. WTI crude declined by 1.2% to end at $65.49 a barrel.
read more... 19/05/2021
Daily (18.05.2021): European carbon prices retreated on Monday, but still hover above 56 EUR/tonne
Crude oil saw an upwards adjustment on Monday despite worsening coronavirus situation in Asia, with the market still hoping of a demand recovery. Hence, Brent crude increased by 1.1% to settle at $69.46 a barrel. U.S. WTI crude ended at $ 66.27 a barrel, notching a 1.4% gain day-on-day.
read more... 18/05/2021
Daily (14.05.2021): Carbon prices retreated by 1.5% on Thursday amid profit-taking as well as weak gas prices
Oil prices slumped on Thursday, retreating from 2-month highs amid deepening India’s coronavirus crisis and the resumption of a key U.S. fuel pipeline. Hence, Brent crude dropped by 3.3% to settle at $67.05 a barrel. Meanwhile, U.S. WTI crude shed by 3.4% to $63.82 a barrel.
read more... 14/05/2021
Daily (04.05.2021): EUAs rallied towards 50 EUR/tonne on Monday amid continuing speculation
Crude oil prices started the week on a front foot, as strong economic figures from China and a rapid coronavirus vaccination pace in the US overshadowed the concerns over increasing virus figures in India. Hence, Brent crude added 0.55 to settle at $67.56 a barrel. Meanwhile, U.S. WTI crude increased by 1.4% to close at $64.69 a barrel.
read more... 04/05/2021